Examlex
Staffing is a less important management function today than in the past.
Marginal Cost
The expenditure involved in the production of one extra unit of a product.
Marginal Cost
The sum required to produce an extra unit of a product or service.
Variable Input
An input in the production process that can be adjusted in the short run to change the level of output, such as labor hours or raw materials.
Marginal Cost
The investment required to manufacture one more unit of a product or service.
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