The marginal cost is the additional cost incurred for a extra unit of production.
<h3>How to illustrate the information?</h3>
The average total cost is simply the total cost divided by the number of units.
Based on the table attached, the number of jackets is used to depict whether the producer should shut down or produce.
The short run supply curve is also illustrated.
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Methods of structuring organizations to enable them produce large amounts of goods is known as mass production.
<h3>What is mass production?</h3>
Mass production is also referred to as continuous production and it can be defined as a method of production that focuses on manufacturing large quantities of standardized goods.
This ultimately implies that, mass production is a method of structuring organizations that is mainly focused on making a large number of a few goods.
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