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Which of the following is a major duty of the police?
Marginal Product
Describes the additional output that is produced by using one more unit of a factor of production, holding all other factors constant.
Marginal Cost
The supplementary cost that arises when one additional unit of a product or service is produced.
Marginal
Term used to describe the effects of a change in the current situation. For example, a producer’s marginal cost is the cost of producing an additional unit of a product, given the producer’s current facility and production rate.
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