Examlex
Coefficients can be fractions when we are balancing a chemical equation.
Marginal Cost
The additional expense faced by a business when its production volume is increased by a single unit.
Total Variable Cost
The aggregate of costs that vary in relation to the volume of output or activity, such as materials and labor expenses.
Total Fixed Cost
The sum of all costs that do not change with the level of output in the short term.
Overall Costs
The total expenses incurred in the production, operation, or realization of goods and services.
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