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The incremental cost of building the next unit of a good is called the:Group of answer choicesmarginal costLaw of One Pricefixed costvariable cost

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Solution 1

The incremental cost of building the next unit of a good is called the marginal cost.

Explanation:

  1. Marginal Cost: This is the additional cost incurred when producing one more unit of a good or service. It is crucial in decision-making processes for businesses, as it helps determine Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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