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Biological diversity is an invaluable and irreplaceable resource.
Marginal Revenue
The additional income received from selling one more unit of a good or service. It is an important concept in microeconomics and business when determining the optimal level of sales and production.
Profit-Maximizing Level
The point at which a firm achieves the highest profit possible, where marginal cost equals marginal revenue.
Marginal Cost
The growth in complete costs associated with creating another unit of a good or service.
Total Revenue
The total amount of money received by a company from the sale of its goods or services.
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