question
Average Revenue
answer
The average price that every unit of output sells for.
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Total Revenue
answer
All the revenue that a business recieves.
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Marginal Revenue
answer
The extra revenue a business recieves from the production and sale of one additional unit of output.
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Profit-Maximizing Quantity of Output
answer
Level of production where marginal cost is equal to marginal revenue.
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Break-Even Point
answer
The level of production that generates just enough revenue to cover its total operation cost
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E-Commerce
answer
Electronic business or exchange conducted over the Internet
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Wealth Maximization
answer
Its main objective is to achieve highest market value of common stock.
question
TAl4.
answer
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