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Marginal Costs
The increase or decrease in the total cost of a production run for making one additional unit of an item.
Average Total Cost
The per-unit cost of production, obtained by dividing total costs by the total quantity of goods or services produced.
Marginal Cost
The expenditure for assembling another unit of a product or service.
Short-Run Equilibrium
A state in which market supply and demand balance each other, and as a result, prices become stable for a short period.
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