Does the marginal value of a variable (such as cost, revenue or profit) determine the average value

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Does the marginal value of a variable (such as cost, revenue or profit) determine the average value of the variable, or does the average value of the variable determine the marginal value? Explain your answer.

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Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

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Question Posted: Mar 22, 2024 01:33 PM

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Does the marginal value of a variable (such as cost, revenue or profit) determine the average value

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When the additional cost of one more unit the marginal cost is less than the ...View the full answer

Essential Economics For Business

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