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12 June, 00:24

Which of the statements is not true? Marginal cost is the change in a firm's total cost due to a one‑unit change in output. Costs that are small and unimportant with little impact on profits are called marginal costs. Marginal cost and marginal productivity are inversely related. A marginal cost curve will always intersect the average total cost curve at the minimum average total cost.

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  1. 12 June, 02:10
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    Costs that are small and unimportant with little impact on profits are called marginal costs.

    Explanation:

    Marginal cost is the cost added by producing one additional unit of a product.
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