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In the short run, a firm's total costs of producing 100 units

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"In the short run, a firm's total costs of producing 100 units 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 firm's average total cost of producing 100 units?;c. What is the firm's average total cost of producing 101 units?

 

Paper#28002 | Written in 18-Jul-2015

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