Examlex
Lying on one side for too long:
Economic Profit
The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.
Profit-maximizing
The process or strategy aiming to achieve the highest possible profit from business operations, often involving adjusting prices, output, and costs.
Total Revenue
The total amount of money generated by a business from the sale of goods or services before any expenses are subtracted.
Output
The amount of something produced by a person, machine, or industry.
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