Examlex
Which term describes the temperature,precipitation,and humidity of an area over hours or days?
Marginal Cost
Marginal Cost is the cost incurred by producing one additional unit of a product or service.
Labor Costs
Expenses associated with employing labor, including wages, salaries, benefits, and taxes.
Average Total Cost
The total cost of production divided by the total output or quantity produced.
Average Variable Cost
Calculated by dividing the total variable costs by the quantity of output produced; it shows the variable cost per unit of output.
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