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Write with positive exponents. Simplify if possible.
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Marginal Cost Curve
A graphical representation that shows how the cost of producing one additional unit of a good varies with the quantity produced.
Total Variable Costs
The total of all costs that vary with the level of production, including materials, labor, and other expenses that change with output.
Units of Output
The quantity of product that a company produces in a given period.
Marginal Costs
The increase in total production cost that arises from producing one additional unit of a good or service.
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