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QUESTION 1 Where there are only small changes in output, the ___ A_(select one from A list below) _____cost tends to be equal to the

QUESTION 1

Where there are only small changes in output, the ___A_(select one from A list below)_____cost tends to be equal to the ___B (select one from B list below) ___cost of producing an additional unit. (no explanation required, 5 marks)

A: Variable, Opportunity, Fixed or Total

B: Committed, Outlay, Total or Marginal

Explanation:

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