Examlex
Give meanings for the following prefixes.
-ultra-: __________
Profit-Maximizing Quantity
The level of production at which a company achieves its highest profit, where marginal cost equals marginal revenue.
Average Total Cost
The total cost divided by the quantity of output produced; it is the sum of average fixed costs and average variable costs.
Marginal Cost
The extra cost incurred when one more unit of a product or service is produced.
Profit
The financial gain made in a transaction, calculated as the difference between the revenue earned and the costs incurred.
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