Examlex
The process of changing one form of energy into another is called:
Average Total Cost
The total cost of production divided by the number of units produced, giving a per unit cost of production.
Marginal Cost
The expense associated with creating an extra unit of a product or service.
Marginal Cost
The cost of producing one additional unit of a good or service, often varying with the level of production.
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent or salaries.
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