Question: Marginal cost Multiple Choice measures how total cost changes when input prices change. measures how total cost changes when one more unit of output is

Marginal cost Multiple Choice measures how total cost changes when input prices change. measures how total cost changes when one more unit of output is produced. is less than average cost when average cost is decreasing. both "measures how total cost changes when input prices change" and "measures how total cost changes when one more unit of output is produced". both "measures how total cost changes when one more unit of output is produced" and "is less than average cost when average cost is decreasing

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