Examlex
Which of the following is the data type that can be used to create files, read data from them, and write data to them?
Marginal Cost
The increase in total cost that arises from producing an additional unit of a good or service.
Average Variable Cost
The total variable costs (costs that change with the level of output) divided by the quantity of output produced.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs per unit change with output levels.
MC
Marginal Cost, the cost of producing one additional unit of a good.
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