Examlex
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Breaks Even
A financial situation where total revenues are equal to total costs, resulting in no profit or loss.
Short Run
A period in economics where at least one factor of production is fixed, influencing the responsiveness of a company to changes in market demand.
Marginal Revenue
The additional income earned from selling one more unit of a product or service.
Average Total Cost
The total cost of production divided by the total quantity produced, representing the cost per unit of output.
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