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Miranda and Thomas share all their joyful experiences,concerns,and day-to-day challenges.Their relationship illustrates
Variable Cost
Costs that are directly proportional to the level of output or production.
Quantity
The amount or number of a product or service that is available for use or sale.
Marginal Product
The additional output resulting from a one-unit increase in the use of a variable input while holding other inputs constant.
Marginal Cost
The fees associated with creating one additional unit of a good or service.
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