In reality, all economic systems are

The association-causation fallacy is the error of assuming that what is true for one member of a group must be true for the group

a. True b. False

The marginal cost is the

a. same as the variable cost when output is increasing b. change in total cost as the quantity changes by one unit c. change in average variable cost as the quantity changes by one unit d. change in total fixed cost as the quantity changes by one unit e. same as the fixed cost when average fixed cost is at a minimum