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The consumer optimum (for two goods,a and b) is reached when
Net Operating Income
A company's revenue minus its operating expenses, not including taxes and interest.
Service Company
A business that provides intangible products or services to customers, as opposed to selling physical goods.
Flexible Budget
An elastic budget that varies according to fluctuations in volume or operational activities.
Revenue
The total income generated by the sale of goods or services before any expenses are deducted.
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