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Marginal Product
The additional output that is produced by adding one more unit of a specific input, while holding all other inputs constant.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good varies as the production volume changes.
Marginal Cost
The cost of producing one extra unit of a product or service.
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.
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