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Marginal cost Multiple Choice measures how total cost changes when input prices change. measures how total cost changes when one more unit of output is
Marginal cost Multiple Choice measures how total cost changes when input prices change. measures how total cost changes when one more unit of output is produced. is less than average cost when average cost is decreasing. both "measures how total cost changes when input prices change" and "measures how total cost changes when one more unit of output is produced". both "measures how total cost changes when one more unit of output is produced" and "is less than average cost when average cost is decreasing
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
