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Total Revenue
The entire amount of income generated by the sale of goods or services related to a company's primary operations.
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or labor.
Fixed Costs
Fixed Costs are business expenses that do not change with the level of goods or services produced by the company.
Marginal Cost
The additional cost incurred by producing one more unit of a good or service.
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