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Question
A firmʹs marginal factor cost describes
A) the increase in the firmʹs total revenue as one more unit of output is sold.
B) the change in total fixed cost that results from hiring one more unit of input.
C) the change in total variable cost that results from the production of an extra unit of output.
D) the change in total cost that results from using one more unit of an input.
Answer
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Related questions
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