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Marginal Revenue
The financial gain achieved through the sale of one more unit of a good or service.
Average Total Cost
The cost per unit of output, calculated by dividing the total cost of production by the total quantity of output.
Marginal Cost
The cost added by producing one additional unit of a product or service, crucial for making efficient production and pricing decisions.
Marginal Revenue
The supplementary earnings obtained through the sale of an additional product or service unit.
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