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Marginal resource cost is: a. the increase in total resource cost associated with the production of one more unit of output. b. the increase in total resource cost associated with the hiring of one

Marginal resource cost is:

a. the increase in total resource cost associated with the production of one more unit of output.

b. the increase in total resource cost associated with the hiring of one more unit of the resource.

c. total resource cost divided by the number of inputs employed.

d. the change in total revenue associated with the employment of one more unit of the resource.

Jun 10 2021 View more View Less

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