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What is true about marginal cost in the short run? a) It is measured as the change in variable cost divided by the change in
What is true about marginal cost in the short run? a) It is measured as the change in variable cost divided by the change in quantity produced b) It increases because of diminishing marginal returns to an input c) When marginal product is higher than average variable cost, average variable cost increases d) All of the above
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