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Kim is stopped while going through security after arguing about why she is required to put her shampoo in a plastic bag.She says sarcastically,"Well,if it's such a problem,why don't you just lock me up?" She is subsequently thrown in a locked room for detainment.Which of the following is false about the situation?
Marginal Cost
The change in the total expense associated with the production of an extra unit of a product, whether it be an increase or decrease.
Average Total Cost
The total cost of production divided by the number of goods produced, representing the average cost per unit of output.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the number of units produced, representing the per-unit production cost.
Marginal Cost
The monetary cost of generating one additional unit of a product or service.
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