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Author Question: The long-run marginal cost (LMC) is the increase in the cost incurred by the firm when producing one ... (Read 23 times)

yoooooman

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The long-run marginal cost (LMC) is the increase in the cost incurred by the firm when producing one additional output, holding:
◦ the production facility constant.
◦ the workforce and the production facility constant.
◦ the workforce constant.
◦ neither the workforce nor the production facility constant.


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Marked as best answer by yoooooman on Jul 20, 2019

amcvicar

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