Examlex
Which of these is NOT characteristic of a project?
Average Total Cost
Average total cost is the total cost of production divided by the quantity of output produced, indicating the cost on a per-unit basis.
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Marginal Cost
The cost associated with producing an additional unit of output, emphasizing the concept of incremental expense in production processes.
Average Cost
The total cost of production divided by the number of units produced, also called unit cost.
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