Examlex
The marginal revenue of a price taker is
Marginal Cost
Marginal cost is the cost of producing one additional unit of a product or service.
Output
The total amount of goods or services produced by a person, machine, business, country, etc., during a given period.
Economic Profit
The net gain or loss after removing both easily identifiable and not readily apparent expenses from the overall turnover.
Price
The amount of money or compensation given in exchange for goods or services in a market.
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