Examlex
Unlike needs hierarchy models,recent studies suggest that:
Average Total Costs
This term refers to the total costs (fixed plus variable) of production divided by the total quantity of output produced.
Marginal Costs
The cost incurred by producing one additional unit of a good or service, reflecting the change in total cost that comes from a change in quantity produced.
Marginal Cost
The financial increase associated with the generation of one more unit of a product or service.
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