Examlex
The calculation for depletion of natural resources is similar to the calculation for depreciation when the units-of-production method is used.
Economic Profit
The excess of total revenue over the complete aggregation of both transparent and hidden costs.
Marginal Revenue
The supplementary income a company accrues from the sale of one additional unit of a product or service.
ATC
Average Total Cost, the total cost of production divided by the number of units produced, representing the average cost per unit of output.
Profit-Maximizing Rule
A principle that states a firm reaches its highest profit when its marginal cost equals its marginal revenue.
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