take the change in the total and divide by the change in the quantity number.
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Open it To calculate a marginal term, take the change in the total and divide by the change in the quantity number.
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3. ANALYSIS OF REVENUE, COSTS, AND PROFITS calculated with respect to the quantity produced and sold in a single period (as opposed to averaging a quantity over a number of time periods). For example, average revenue is calculated by dividing total revenue by the number of items sold. <span>To calculate a marginal term, take the change in the total and divide by the change in the quantity number.
Exhibit 3 shows a summary of the terminology and formulas pertaining to profit maximization, where profit is defined as total revenue minus total economic costs. Note that
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