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When there is an excess quantity of a product supplied, there will be
Average Fixed Cost
The fixed costs (costs that do not vary with output) divided by the quantity of output produced.
Marginal Cost
The expense addition due to the manufacture of one more product or service unit.
Average Variable Cost
The total variable costs (e.g., materials, labor) divided by the quantity of output produced, representing the variable cost per unit.
Marginal Cost
The hike in cost associated with the creation of an extra unit of a good or service.
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