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Refer to the illustration. Find if and .
Marginal Cost
The cost added by producing one additional unit of a product or service.
Marginal Analysis
An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.
Additional Costs
Expenses that are not initially planned or anticipated, which can arise during the course of a project or as part of an operation.
Economic Models
Simplified representations of complex economic processes used to predict future economic activity.
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