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It can be argued that both ____ and ____ blossomed in parallel after World War I and that both are inherently interested in the allocation of a firm's resources to achieve value for shareholders.
Marginal Cost
The expense associated with creating an extra unit of a product or service.
Total Cost
The complete cost of producing a specific quantity of output, including both fixed and variable costs.
Output
The total amount of goods or services produced by a company, industry, or economy within a certain period.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor directly used in the manufacturing process.
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