Examlex
Which of the following explains the ability of the Canadian economy to avoid diminishing marginal returns and experience accelerating growth in the early to mid-20th century?
Marginal Cost (MC)
The cost of producing one additional unit of output.
Marginal Revenue (MR)
The revenue derived from selling one additional unit of output.
Marginal Cost
The additional expense associated with manufacturing one extra unit of a product, emphasizing the cost variation.
Marginal Revenue
The additional income that is generated by selling one more unit of a product or service.
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