marginal cost
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In the short run a firms total cost of producing the hundredth unit of output equal $10,000. If it produces one more unit its total costs will increase to $10,150.
a. What is the marginal cost of the 101st unit of output?
b. What is the firms average total cost of producing 100 units?
c. What is the firms average total cost of producing 101 units?
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marginal cost
In the short run a firms total cost of producing the hundredth unit of output equal $10,000. If it produces one more unit its total costs will increase to ...
Purchase this Solution
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