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Short Run Supply Curve
A graphical representation showing the quantity of goods or services that producers are willing and able to sell at different prices over a short period, assuming some production factors are fixed.
Marginal Cost Curve
A graphical representation showing how the cost to produce one additional unit changes as more units are produced.
Profits
The financial gain realized when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.
Output
The quantity of goods or services produced by a business, industry, or economy within a specific period.
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