Examlex
Select the correct definition for each of the combining forms.
-onc/o
Marginal Cost
The added cost of producing one additional unit of a product or service.
Labor Costs
The total amount of money businesses have to pay to their employees for work done, including wages, salaries, and benefits.
Marginal Cost
The increase in cost resulting from the production of an extra good or service unit.
Total Cost
The sum of all costs associated with the production of a given quantity of output, including both fixed and variable costs.
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