Examlex
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Marginal Cost
The cost incurred in producing one additional unit of a product or service.
Average Total Cost
The sum of all production costs divided by the quantity of output produced, representing the per-unit cost of production.
Mixers
Devices used for mixing components; in an economic context, could refer to firms or gadgets blending products in the market.
Range of Output
The difference between the maximum and minimum quantities of a product that a company can produce or sell over a certain period.
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