Examlex
Which of the following statements is not correct?
Output
The amount of goods or services produced by a company, industry, or economy within a certain period.
Revenue
The total income generated by a company or organization from its normal business operations.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.
Profit-maximizing
A strategy or point where a firm or entity makes the highest possible profit under given market conditions.
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