Examlex
The equilibrium point is where the quantity and price that sellers are willing to offer are greater than the quantity and price that buyers are willing to accept.
Profit Equation
Profit = Total revenue − Total cost; or Profit = (Unit price × Quantity sold) − (Fixed cost + Variable cost).
Total Revenue
the overall income generated by a business from its operations, before any expenses are deducted.
Total Cost
The complete cost of producing or acquiring a product or service, including all direct and indirect expenses.
Meat Lover's
typically refers to dishes or food products that are designed with a variety of meats, catering to those who prefer a meat-heavy diet.
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