xjortiz1703 xjortiz1703

15-03-2024
Business

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Marginal input cost (MIC) refers to which of the following?
1) The change in total cost when producing one more unit of output
2) The change in total revenue when using one more unit of input
3) The change in total cost when using one more unit of input
4) The change in total revenue when producing one more unit of output

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