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Marginal Cost
The additional cost incurred to produce one more unit of a good or service, important for decision-making in production and pricing strategies.
Avid Runner
An individual who is highly passionate and consistent about running as a form of exercise or sport.
Opportunity Costs
The value of the best alternative forgone when a different investment or decision is made.
Productive Efficiency
A situation in which an economy or a production process can no longer produce additional amounts of a good without lowering the production level of another product, effectively utilizing all resources.
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