Examlex
Which of the following does not describe hieroglyphic writing?
Marginal Revenue
The additional income from selling one more unit of a good; it is the change in total revenue that comes from selling an additional unit.
Long-run Supply Curve
A graphical representation that shows the relationship between the price of a good and the quantity supplied by producers over a longer period, when all inputs can be fully adjusted.
Break-even Point
The financial state at which total costs and total revenues are equal, indicating that a business or project is neither at a loss nor making a profit.
Shutdown Point
The price and output level at which a firm's revenue just covers its variable costs, below which it is better for the firm to temporarily cease operations.
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