Examlex
____________ allows students to progress through the system regardless of performance.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing the profits that exceed normal expected profits.
Marginal Revenue
The surplus earnings generated by the sale of one extra unit of a product or service.
Output
The quantity of goods or services produced in a given time period by a firm, industry, or country.
Output
The complete sum of outputs, whether goods or services, created by an enterprise, industry, or economic entity.
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