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    Microeconomics Theory Study Set 1
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    Exam 7: Costs
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    When a Firm Produces One Unit,the Variable Cost Is $3
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When a Firm Produces One Unit,the Variable Cost Is $3

Question 17

Question 17

Multiple Choice

When a firm produces one unit,the variable cost is $3.When the firm produces two units,the variable cost is $6.What is the marginal cost associated with two units of production?


A) $2
B) 5¢
C) $6
D) $3

Correct Answer:

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