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Total Costs Increase from $1500 to $1800 When a Firm

question 25

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Total costs increase from $1500 to $1800 when a firm increases output from 40 to 50 units.Which of the following are true?


Definitions:

Express Conditions

Clearly stated stipulations in a contract that must be met for contractual obligations to be performed or for certain outcomes to take place.

Discharge

The completion, termination or nullification of a legal obligation or duty.

Obligations

Duties or responsibilities imposed by law, contract, or moral principals.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

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