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Marginal Cost
The increase in total production costs resulting from the production of one additional unit of a product or service.
Average Total Cost
The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.
Profit
The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.
Marginal Cost
The escalation in cumulative price involved in fabricating one extra unit of a product or service.
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