Question: Follow Instruction before answering this question..? Solve clearly, Don't copy from internet. Give the detailed explanation for justifying your answer. If you are very confident

Follow Instruction before answering this question..?Solve clearly, Don't copy from internet.Give

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Economics GNA Resources Limited produces 8,000 units of output at an average cost of $6 per unit. When output increases to 14,000 units, average cost falls to $4 per unit. Based on this information, what is the firm's output elasticity of total cost? a. 2.23 b. 1.36 c. 43.44 (3!. 1.72

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