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Identify the Truthfulness of the Following Statements: I

Question 27

Multiple Choice

Identify the truthfulness of the following statements: I. Marginal analysis can explain why you would always choose to eat Chinese food rather than pizza.
II. Marginal analysis can explain the incremental impact of an increase in total cost when one more unit of output is produced.


A) Both I and II are true
B) Both I and II are false
C) I is true; II is false
D) I is false; II is true

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