Examlex
Which of the following best explains for the Mid-latitude cyclone tracking to the northeast and strengthening?
Marginal Cost
The outlay for making one more unit of a product or service.
Profit Per Unit
The amount of profit earned by selling one unit of a product or service.
Natural Monopoly
A market condition where a single supplier is most efficient in producing a good or service due to high initial costs and substantial economies of scale.
Marginal Cost
The augmentation in cumulative costs linked with generating an extra unit of a product or service.
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