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If at the MC = MR output, AVC exceeds price,
Troy Ounce
A unit of measure used for precious metals, slightly heavier than an avoirdupois ounce, equal to approximately 31.1035 grams.
Silver Contract
A legally binding agreement for the purchase or sale of silver in the future at an agreed-upon price.
Futures Contracts
A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for hedging or speculation on financial markets.
Profit or Loss
A financial statement that provides a summary of a company's revenues, costs, and expenses over a specific period, showing the net amount earned or lost.
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