In the catering industry, what is the term for the additional cost incurred to produce one more plate of food?
Question
Solution 1
The term for the additional cost incurred to produce one more plate of food in the catering industry is called "marginal cost". Here are the steps to understand it:
- Understanding the Concept: Marginal cost is an economic concept that industries use to measure the cost of producing one additional Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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