The marginal cost of production is

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    the amount by which total cost increases when output increases by one.
     the change in total variable cost divided by the change in output.
     the change in total cost divided by the level of output.
     Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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Both 1 and 2.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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