Examlex
What is voice and what are the different forms it can take? Who is inclined to exercise voice in organizations?
Total Revenue
The sum of all revenue collected from selling goods or services before deducting any costs.
Marginal Cost
The monetary requirement for the generation of one additional unit of a good or service.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the total quantity of output produced. It measures the cost per unit of output.
Ceteris Paribus
a Latin phrase meaning "all other things being equal," used in economic models to isolate the effect of one variable.
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