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Who ultimately controls a corporation?
Marginal Cost
The increment in overall expenses due to the output of one more unit of a product or service.
Marginal Revenue
The augmented income received from selling an extra unit of a good or service.
Total Revenue Curve
The total revenue curve graphically represents the relationship between total revenue gained by a business and the quantity of a product sold, showing how revenue changes as sales volume varies.
Slope
A measure of the steepness or inclination of a line, representing the rate at which variables change relative to each other.
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