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Is Jill Johnson correct or incorrect when she says the following: "When I am producing 20,000 pizzas per month , my total cost is $75,000. If I produce 20,001 pizzas, my total cost will rise to $75,003. When I produce 20,002 pizzas, my total cost rises to $75,005 pizzas." Therefore, my marginal cost of producing pizzas must be increasing." Illustrate your answer with a marginal cost graph.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945449

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