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In the mid-______, there was a notable drop in crime that lasted nearly two decades.
Marginal Cost
The cost incurred by producing one additional unit of a product or service, important for pricing and production decision-making.
Contribution Margin
The amount by which a product's sales revenue exceeds its variable costs, used to cover fixed costs and towards profit.
Marginal Cost
The additional cost incurred by producing one more unit of a product or service.
Incremental Cost
Incremental cost is the additional cost associated with producing one more unit of a product or service.
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