Examlex
Which of the following is not part of the system design phase of the SDLC?
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit.
MC > MR
A condition where Marginal Cost (MC) is greater than Marginal Revenue (MR), suggesting that producing additional units of a good will not increase profits and may reduce them.
Profit
The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Profit-Maximizing Quantity
The level of production at which a company achieves the highest possible profit.
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