Marginal cost
A. measures how total cost changes when input prices change.
B. is less than average cost when average cost is decreasing.
C. measures how total cost changes when one more unit of output is produced.
D. both a and b
E. both b and c
Answer: E
Economics
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A. a movement away from the production possibility curve. B. the production possibility curve to shift in. C. the production possibility curve to shift out. D. a movement toward the production possibility curve.
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