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Is Jill Johnson right or wrong when she says the following? I am currently producing 10,000 pizzas per month at a total cost of $50,000.
Is Jill Johnson right or wrong when she says the following?
"I am currently producing 10,000 pizzas per month at a total cost of $50,000. If I produce 10,001 pizzas, my total cost will rise to $50,011. Therefore my marginal cost of producing pizzas must be increasing." Draw a graph to illustrate your answer.
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