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Firdavs [7]
3 years ago
7

How does the input cost of production affect the cost of output? Give specific hypothetical examples?

Social Studies
1 answer:
jok3333 [9.3K]3 years ago
5 0

Answer:

It shows the increase in total cost coming from the production of one more product unit. Since fixed costs remain constant regardless of any increase in output, marginal cost is mainly affected by changes in variable costs. ... Marginal costs vary with the volume of output being produced.

Explanation:

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