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What is paleoanthropology?
Marginal Cost
The extra expense incurred from the production of an additional unit of a product or service.
TVC
Total Variable Costs; the sum of all costs that vary with the level of production, such as materials and labor directly involved in creating a product.
Total Fixed Cost
The sum of all costs that remain constant regardless of the level of production or output in the short term.
Marginal Product
The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.
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