Examlex
Match the word elements with their meanings.
-backward, behind
Fixed Cost
An expense that remains constant regardless of the volume of products or services produced or sold.
Variable Cost
Expenses that directly fluctuate in relation to the amount of goods or services produced, including labor and materials.
Marginal Cost
The increase in cost resulting from the production of an extra product or service unit.
Marginal Cost
The cost of producing one more unit of a good or service, which may change with the level of output.
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