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A comprehensive approach to counselling:
ATC
Average Total Cost; the total cost of production divided by the quantity of output produced.
Price Charged
The amount of money required for the purchase of a good or service, set by the seller.
Maximize Profits
The process by which a company seeks to achieve the highest possible financial gain from its operations, often by adjusting production, prices, and costs.
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
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