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A swimmer trying to improve her stroke performance concentrates mainly on upper body weight training;her training program is an example of
Marginal Costs
The swelling of total charges resulting from generating an extra unit of a good or service.
Elasticity of Market Supply
An indicator of the extent to which the supply of a product varies following a price adjustment.
Marginal Cost Curves
A graphical representation that shows how the cost of producing one more unit of a good or service varies as production increases.
Market Supply Curve
A graphical representation showing the total quantity of a good or service that suppliers are willing and able to sell at different prices.
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