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A Firm's Total Variable Cost Increases from $4,000 to $4,020

Question 142

Multiple Choice

A firm's total variable cost increases from $4,000 to $4,020 as the firm increases its output from 400 to 401 units. What is the marginal cost of producing the 401st unit?


A) $10
B) $4,000
C) $20
D) $4,020

Correct Answer:

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