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When the marginal benefit of producing an additional unit of a good (in this case, apples) is greater than the marginal cost of producing it, a rational producer will increase production to maximize profit or utility. The producer should continue to produce more apples until the marginal benefit equals the marginal cost. This is a fundamental principle in economics: as long as the benefit of producing an additional unit exceeds its cost, production should continue to increase.
Choose an appropriate word that fits the blank 199.
Find the appropriate word.
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Choose the most appropriate word for blank 114.
Select the most appropriate option to fill in blank No.4.
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Which among the following documents, as per the passage, is not included in the scheme for filing by LLP’s?
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What are the drawbacks of subsidies on producing energy using fossil-fuel?
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