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Marginal Cost
The additional expense incurred from creating one more unit of a product, highlighting how production costs change with output levels.
Culinary School
An educational institution that specializes in teaching cooking and food preparation skills.
Economic Loss
Occurs when a company's total revenues are less than its total costs, leading to a negative profit.
Informed Citizen
An individual who is knowledgeable about community, national, and global affairs, enabling them to participate effectively in civic matters.
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