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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Illustrate the average—marginal rule in a noncost setting.

To determine

Explain the average marginal rule.

Explanation

If marginal magnitude is greater than the average magnitude, then the average magnitude will increase. Example: if average rating of TV show for a television network is 34. The network introduces a new TV show and that has the rating of 38...

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