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How do wire material and diameter affect resistance?
Total Profit
The total income of a business after subtracting all expenses from the total revenue obtained from sales and other sources.
Profit-Maximizing
Profit-maximizing is the process by which a firm determines the price and output level that returns the greatest profit.
Marginal Cost
The surplus cost involved in the production of an extra unit of a product or service.
Average Revenue
Average revenue is the amount of income generated per unit of goods or services sold, calculated by dividing the total revenue by the number of units sold.
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