Examlex
An important apex in Thorson and Moore's strategic planning triangle entails:
Marginal Revenue
Marginal revenue is the additional revenue that a firm receives from selling one more unit of a good or service.
Average Total Cost
The total cost of production (fixed and variable) divided by the number of units produced, representing the per unit cost of production.
Marginal Cost
The cost of producing one more unit of a good or service.
Optimum Efficiency
The most favorable condition for the maximal performance and least waste of resources.
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