Examlex
Some ____ must be added in pairs for optimal performance.
Marginal Cost
The escalation in cumulative price involved in fabricating one extra unit of a product or service.
Average Revenue
The amount of income generated per unit of sale or service offered, calculated by dividing total revenue by the number of units sold.
Profit Maximizes
The process by which a firm determines the price and output level that leads to the highest profit.
Average Total Cost
The per unit cost of production, calculated by dividing total cost by the quantity of output produced.
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