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When Output Is 20, Fixed Costs Are $100 and Variable

Question 1

Multiple Choice

When output is 20, fixed costs are $100 and variable costs are $400. When output rises to 21, fixed costs are $100 and variable costs are $450. This implies that the marginal cost of the last unit of output equals:


A) $25.
B) $50.
C) $500.
D) $550.

Correct Answer:

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