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A Firm Producing 10 Units of Output Incurs a Total

Question 38

Multiple Choice

A firm producing 10 units of output incurs a total cost of $800.When it produces 11 units,the total cost increases to $890.What is the marginal cost of producing the eleventh unit?


A) $10
B) $80
C) $90
D) $100

Correct Answer:

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