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Match Each Word Part Meaning with Its Correct Word Part

question 14

Multiple Choice

Match each word part meaning with its correct word part.
-Visual examination


Definitions:

Marginal Cost

The cost of producing one additional unit of a product or service, a crucial concept in economic analysis and decision-making.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Patent

A legal right granted to an inventor or assignee to exclusively make, use, or sell an invention for a certain number of years.

Fixed Cost

Expenses that do not change in total despite fluctuations in the volume of goods or services produced or sold.

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