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The price of chicken has doubled. As a result, Andre will purchase pork instead of chicken. This is an example of the _____ effect.
Marginal Cost
The extra cost incurred from producing one additional unit of a good or service.
Marginal Product
The additional output that results from a one-unit increase in the input of a production factor, holding all other inputs constant.
Marginal Revenue Product
the additional revenue generated from using one more unit of a factor of production.
Marginal Revenue Product
The extra income created from using another unit of an element like labor or capital.
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