Examlex
Translate each of the following arguments into symbolic form. Then, determine whether the argument is valid or invalid by using the Shortcut Method.
-If Egypt's elected leader is not both dictatorial and intolerant, then he is not obstructing democratic reforms. Due to the fact that he is not obstructing democratic reforms, Egypt's elected leader is not dictatorial.
Marginal Cost
The price associated with the creation of one more unit of a product or service.
Average Total Cost
The per-unit cost of production, calculated by dividing the total cost of production by the quantity of output produced.
Economic Profit
The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.
Short-run Marginal Cost Curve
A curve that shows the change in total cost associated with producing one more unit of output in the short term.
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