Examlex
Shayla explains that she is having white pasta with a cream sauce for dinner. She notes that she will be following Eating Well with Canada's Food Guide as she will be having a serving from the grain products and milk and alternatives groups. What would you say about her choices?
Marginal Cost
The increase in cost resulting from the production of one additional unit of a good.
Variable Cost
Costs that change in proportion to the level of activity or volume of production in a company.
AVC
Average Variable Cost, which refers to the total variable cost per unit of output in a business, where variable costs change with the level of production.
MC
Marginal Cost, the cost of producing one additional unit of a product or service.
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