Examlex
Instructions: Explain/Define the following terms.
Tamil kingdoms
Marginal Cost
The expense associated with manufacturing an extra unit of a product.
Tutoring
A form of education where an individual provides personalized instruction to a student or a small group of students.
Marginal Benefits
The incremental satisfaction received from the consumption of one additional unit of a good or service.
Marginal Costs
The incremental cost of manufacturing one more unit of a product or service.
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