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Average Mining Cost Of Production Per Hour

Sep 13, 2019018332For instance, if 1,000 units are produced at a total cost of 50,000, the average production cost per unit is 50. Dont confuse unit cost and marginal cost. They are not the same. The marginal cost is the expense of producing one more unit over the current production level. To illustrate, suppose ABC Company produces 10 units at a cost of 525.

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