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If an instrument states no time for payment, the note is payable on demand.
Average Revenue
Average revenue refers to the amount of money generated per unit of product sold, calculated by dividing total revenue by the number of units sold.
Marginal Cost
The additional expenditure required to produce one more unit of a product or service.
Marginal Revenue
The additional income that is generated from selling one more unit of a good or service.
Marginal Cost
The financial outlay for producing a subsequent unit of a product or service.
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