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As we increase the production of computers, we find that we must give up larger and larger amounts of DVD players per computer.
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit.
Average Variable Cost
The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output.
Marginal Cost
The price of fabricating another unit of a good or service.
Marginal Revenue
The additional income produced through the sale of one more unit of a product or service.
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