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Marginal Cost
Marginal cost is the additional cost incurred from producing one more unit of a good or service.
Producing Bagels
The process of making bagels, which involves mixing, shaping, boiling and then baking dough, typically in a commercial or artisanal bakery setting.
Total Cost
The complete cost of producing a specific quantity of goods or services, including fixed and variable costs.
Average Fixed Cost
Production's unchanging overheads split by the volume of goods produced.
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