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Table of Contents -- marginal cost of production
CIDE DICTIONARY
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marginal cost of production

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CIDE DICTIONARY

marginal cost of productionn. 
     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]
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