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What did the Sasanid and Byzantine Empires have in common?
Total Profits
The overall financial gain made by a business after subtracting total costs from total revenues, indicating the business's financial health over a period.
Cost Function
A mathematical relation that defines the total cost of production as a function of the quantity of output produced.
Profit-Maximizing
The procedure companies undertake to find the best combination of price and production volume for peak profit.
Output
The quantity of goods or services produced by a company, industry, or economic system.
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