Question: When a firm produces one unit, the variable cost is $7. When the firm produces two units, the variable cost is $10. When the firm

When a firm produces one unit, the variable cost is $7.

When a firm produces one unit, the variable cost is $7. When the firm produces two units, the variable cost is $10. When the firm produces three units, the variable cost is $12. What is the marginal cost associated with three units of production? O 2 7 O

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