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Marginal cost a. is the increase in total cost resulting from production of one additional unit of output. b. is the cost of the marginal unit of output. c. All of the above are…

Marginal cost a. is the increase in total cost resulting from production of one additional unit of output. b. is the cost of the marginal unit of output. c. All of the above are…
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Marginal cost

a. is the increase in total cost resulting from production of one additional unit of output.
b. is the cost of the marginal unit of output.
c. All of the above are correct.
d. and the average cost curve are U-shaped.

User Ekin Koc
by
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1 vote

Answer:

a. is the increase in total cost resulting from production of one additional unit of output.

User Openshac
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