Examlex
Write the following fraction as an equivalent fraction with denominator 95.
Profit
The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.
Average Total Cost
The complete expense of manufacturing (encompassing both fixed and variable expenditures) divided by the overall amount of goods produced.
Output
The quantity of goods or services produced by a firm, industry, or economy within a certain period.
Per-Unit Cost
The cost associated with producing one unit of a product, calculated by dividing total production costs by the number of units produced.
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