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Explain the steps to handling customer complaints.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a good or service.
Output Level
The total quantity of goods and services produced in an economy over a specified period.
Marginal Revenue
The additional income that is produced from selling one more unit of a good or service; a crucial concept in determining the optimal level of output for a firm.
Marginal Cost
The increase in cost resulting from the production of one additional unit of a product.
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