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Negotiability invests negotiable instruments with a high degree of marketability and commercial utility by allowing them to be freely transferable and enforceable by a person with the rights of a holder in due course against a person obligated on the instrument.
Marginal Cost
The financial increase associated with the generation of one more unit of a product or service.
Average Variable Cost
The variable cost per unit of output, calculated by dividing the total variable costs by the quantity of output produced.
Market Price
The prevailing cost at which a service or product can be acquired or disposed of in a marketplace.
Marginal Cost
The cost of producing one more unit of a good or service, which can vary depending on the level of production.
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