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A Company Could Produce 99 Units of a Good for $316

Question 447

Multiple Choice

A company could produce 99 units of a good for $316 or produce 100 units of the same good for $320. The marginal cost of the 100th unit

A) is $3.20.
B) is $4.00.
C) is $320.
D) cannot be calculated with this information.

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