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Average speed multiplied by time gives
Marginal Cost
The increase in cost that results from producing one additional unit of a good or service.
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance, providing a base cost for operating a business.
Total Cost
The sum of all funds utilized in the production of goods or services, including both fixed and variable costs.
Marginal Cost
The rise in overall manufacturing expenses resulting from the creation of an extra unit.
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