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Business, 13.08.2019 05:10 perezz97

In the short run, the marginal cost of the first unit of output is $20, the marginal cost of producing the second unit of output is $16, and the marginal cost of producing the third unit of output is $12. the firm's total variable cost of producing three units of output is:
a) $12.
b) $16.
c) $20.
d) $48.

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