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If the Marginal Cost of Producing the Tenth Unit of Output

question 134

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If the marginal cost of producing the tenth unit of output is $3, and if the average total cost of producing the tenth unit of output is $2, then at ten units of output, average total cost is rising.


Definitions:

Arrector Pili Muscles

Arrector pili muscles are small muscles attached to hair follicles that, when contracted, cause hair to stand up, producing what is commonly known as goosebumps.

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