Examlex
MATCHING
Match each term with the correct statement below.
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Marginal Costs
The expense involved in the production of an additional unit of a product or service.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total number of units produced.
Fixed Cost
refers to a business expense that remains constant regardless of the level of production or sales, such as rent or salaries.
Total Cost
The aggregate of every expense related to the creation of services or goods, taking into account both constant and fluctuating costs.
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