Examlex
Which of these terms refers to the instructions that make the computer hardware function?
Marginal Cost
The expenditure involved in fabricating one more unit of a product or service.
Average Total Cost
Average total cost is the total cost of production divided by the quantity of output produced, indicating the cost on a per-unit basis.
Cookies
Small files stored on a user's computer or device by a website, containing data about the user's browsing activities.
Marginal Cost
The cost associated with producing an additional unit of output, emphasizing the concept of incremental expense in production processes.
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