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The new, consultative function of the MIS department centers on more efficient project management, technical training, and effective infrastructure planning.
Marginal Cost
The additional cost incurred in the production of one extra unit of a good or service.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced; these costs decline as production increases.
Marginal Cost
The financial cost of producing an extra unit of a good or service.
Average Total Cost
The total cost of production divided by the quantity of output produced.
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