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Tom received a telephone call while he was waiting at the airport.He decided to carry on a lengthy conversation since he was bored and wanted to talk with the person.He is
Saltwater Taffy
A variety of soft taffy originally produced and marketed in coastal areas, known for its unique texture and array of flavors.
Marginal Cost
The additional cost incurred from producing one more unit of a good or service.
Diminishing Returns
A principle stating that as more of a variable input is added to fixed inputs, the additional output gained from each new unit of input eventually decreases.
Marginal Product
The additional output that can be produced by adding one more unit of a specific input, ceteris paribus.
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