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STUDENT
Observe the table STUDENT:
STUDENT
-Table STUDENT is in 3NF.
Cost Behaviour
The way in which a cost reacts or changes when there is a change in the level of business activity.
Marginal Revenue
The additional income earned from selling one more unit of a good or service.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product or service.
Economic Profit-Maximising
The point at which a firm achieves the highest profit possible given its production costs and market conditions.
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