In the short run, a firm's total costs of producing 100 units of output equal $10,000. If
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a. What is the marginal cost of the 101st unit of output?
b. What is the firm's average total cost of producing 100 units?
c. What is the firm's average total cost of producing 101 units?
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a Marginal cost of producing 101th unit can be calculated by considering the additi...View the full answer
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