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Which movement is bending of a joint so that the angle of the joint decreases?
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
Average Total Cost
The sum of average fixed costs and average variable costs, divided by the total quantity of output, reflecting the per-unit cost of production including all expenses.
Marginal Cost
The hike in aggregate cost linked with the fabrication of one extra unit of a product or service.
Marginal Revenue
The additional income received from selling one more unit of a good or service, critical in determining optimal production levels.
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