Examlex
What is a telecommunications system?
Total Revenue
The total receipts from sales of a given quantity of goods or services.
Marginal Revenue
The supplementary financial gain obtained through the sale of one more unit of a good or service.
Profit
The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes.
Marginal Revenue
The profit increment a business achieves through the sale of one extra unit of its offerings.
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