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Answer to Question #294674 in Macroeconomics for Nalyn

Question #294674

Discuss the relationship between marginal product and marginal cost.


1
Expert's answer
2022-02-07T15:34:49-0500

When an additional unit of the variable component is employed, the marginal product displays the change in the total product. The change in total cost when an additional unit of production is generated is represented by marginal cost.


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