Examlex
As a general rule,verbal presentation of a poster should be:
Total Cost
The complete amount of money required for the production of a given level of output, including both fixed and variable costs.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing the profits that exceed normal expected profits.
Marginal Revenue
The surplus earnings generated by the sale of one extra unit of a product or service.
Output
The quantity of goods or services produced in a given time period by a firm, industry, or country.
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