Examlex
All of the following are embryonic layers,except
Profit
The financial gain obtained when the amount earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.
TR
Total Revenue, which is the total income generated by a business from its sales of goods or services.
Long Run
A time period in economic theory during which all factors of production and costs are variable, allowing for full adjustment to changes.
MR
Marginal Revenue refers to the increase in revenue that results from the sale of one additional unit of output.
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