Marginal cost is the _______________in variable costs that comes from using additional factors of production.
Fill in the blank(s) with the appropriate word(s).
Ans: per-unit increase
Economics
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Choose one of the arguments countries generally use to justify protection for a particular industry. Describe the argument and any inherent problems with it. Is the argument primarily an economic or a noneconomic one?
What will be an ideal response?
Economics
The value of a network
A) is related to how many are in the network. B) is not related to how many are in the network. C) is related to its impact on diminishing marginal returns. D) none of these choices.
Economics