In ____________________,Relationships Are Represented by a Diamond Connected to the Related

question 45

Short Answer

In ____________________,relationships are represented by a diamond connected to the related entities through a relationship line.

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Definitions:

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.

Profit Maximizes

The process or strategy of adjusting production and operations to achieve the highest possible profit.

MC

Stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.

MR

Marginal Revenue, the increase in revenue that results from the sale of one additional unit of output.