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Maximize Profit
The process of adjusting inputs and outputs in order to achieve the highest possible return on investment.
Total Revenue
The total income generated by a firm from its sales activity, calculated as the unit price of a good times the quantity of goods sold.
Profit Increase
The rise in the difference between a company's revenue and its expenses, indicating improved financial performance.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the total quantity produced, indicating the cost per unit of output.
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