marginal cost of production

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CIDE DICTIONARY

marginal cost of production, n.

The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the marginal cost is almost aways less than the total per-unit cost of production averaged over all units produced. [WordNet 1.5]

For further exploring for "marginal cost of production" in Webster Dictionary Online

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