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Marginal Costs
The increase in total cost that arises from an extra unit of production.
Marginal Benefit
The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product or service.
Marginal Cost
The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.
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