Examlex
You can recalculate a worksheet at any time by pressing the F9 function key or by selecting the Refresh button found in the Calculation group on the FORMULAS tab on the ribbon. _________________________
Break-Even Point
An output at which a firm makes a normal profit (total revenue = total cost) but not an economic profit.
Variable Costs
Costs that vary directly with the level of production.
Marginal Revenue
The increase in revenue that results from the sale of an additional unit of output.
Total Revenue
The total income received by a firm from the sale of its goods or services, calculated as the unit price multiplied by the quantity sold.
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