Examlex
When a computer is running multiple programs concurrently, the one in the background is the active program; that is, the one currently in use.
Diminishing Marginal Returns
A principle stating that as one factor of production increases, while others stay constant, the additional output will eventually decline.
Marginal Cost
The expansion in total financial commitment from producing one extra unit of a product or service.
Total Cost
The aggregate expense incurred in the manufacture or delivery of a product, including all overheads.
Marginal Cost Curve
The marginal cost curve graphically represents the cost incurred in producing one additional unit of a good.
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