Examlex
What is the name of the following sugar?
Total Cost
The full expense incurred in the production or acquisition of goods or services, including both fixed and variable costs.
Marginal Cost
The supplementary charge triggered by the manufacture of one extra unit of a product or service.
Average Variable Cost
The total variable cost divided by the quantity of output produced; it represents the variable cost per unit of output.
Marginal Cost
The incremental cost associated with the production of an additional unit of a product or service.
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