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Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week, The plant owner observes, Although the last

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Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week, The plant owner observes, "Although the last 300 hats we produced and sold increased our revenue by $1,000 and our costs by $1,100, we are still making an overall profit of $5,000 per week so I think we're on the right track. We are producing the optimal number of hats." Refer to Scenario 1-2. Using marginal analysis terminology, another economic term for the incremental cost of producing the last 300 hats is marginal cost. operating cost. explicil cost. Any of these terms are correct

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