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Author Question: Marginal cost a. Is the incremental cost incurred by producing an additional unit of output. b. Is ... (Read 120 times)

natalie2426

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on: Jul 1, 2018
Marginal cost
 a. Is the incremental cost incurred by producing an additional unit of output.
  b. Is the total cost of production.
 c. Is the total fixed cost of production.
 d. None of the above

Question 2

In order to increase sales the firm can
 a. Increase the reference price for the product
  b. Decrease prices
 c. Differentiate their product
 d. All of the above


kingfahad97

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


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