Examlex
The VREF of a series regulator must be equal to VOUT.
Profit-Maximizing Quantity
The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.
Marginal Revenue
Marginal Revenue refers to the increase in revenue resulting from the sale of one additional unit of a product or service.
Marginal Cost
The growth in the total amount of costs resulting from the manufacture of one more unit of a good or service.
Efficient Scale
The level of production at which a firm achieves the lowest possible cost per unit of output, optimizing its use of resources.
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