Examlex
What is the interpretation of the margin of error?
Marginal Cost
The added expense incurred by creating one more unit of a product or service.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced.
Minimum
The lowest permissible limit or the least possible amount or degree of something.
Marginal Cost
The funds required to produce an extra item of a product or service.
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