Examlex
Vipool thought it would be fun to spin around in a circle, which activated his vestibular sense and caused him to feel dizzy. Vipool stimulated all of the following except
Marginal Cost
The increase in cost when producing one additional unit of a good or service.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total quantity of output produced.
Profit
The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the activity.
Profit-Maximizing
A strategy or approach aimed at achieving the highest possible profit from business operations.
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