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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Which of the statements is not true?Marginal cost is the change in a firm's total cost due to a one‑...
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