Examlex
Which of the following is included in GDP?
Marginal Cost
The cost added by producing one extra item of a product, integral for decision-making in production.
Cookies
Small, sweet baked treats, often containing flour, sugar, and some type of oil or fat, sometimes including other ingredients such as chocolate chips or nuts.
Average Total Cost
The total cost per unit of output, calculated by dividing the total cost of production by the quantity of output.
Marginal Cost
The additional cost incurred to produce one more unit of a good or service.
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