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According to David Hume
ATC Curves
Graphs that illustrate the average total cost of production at different levels of output.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profitability of a firm beyond normal profit levels.
Marginal Revenues
Represents the additional income generated from the sale of one more unit of a good or service.
Total Revenues
The gross revenue obtained from merchandise or service transactions before removing any operational expenses.
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