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The marginal cost of production shows the change in a firm's total cost from producing one more unit of a good or service. What

 

The marginal cost of production shows the change in a firm's total cost from producing one more unit of a good or service. What is the shape of the marginal cost curve?

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The marginal cost curve is typically upwardsloping meaning that as the firm produces more units of a ... blur-text-image

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