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What is the significance of marginal cost in decision-making? a) Marginal cost is the total cost of production b) Marginal cost indicates the minimum price

What is the significance of marginal cost in decision-making? a) Marginal cost is the total cost of production b) Marginal cost indicates the minimum price a product can be sold for c) Marginal cost helps to determine the optimal quantity to produce d) Marginal cost is not relevant in decision-making

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