Examlex
Why do pine trees have two different types of cones?
Marginal Cost
The expense associated with creating an extra unit of a product or service.
Marginal Cost
The cost of producing one additional unit of a good or service, often varying with the level of production.
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent or salaries.
Total Fixed Costs
The sum of all costs that remain constant regardless of any change in a company's production volume.
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