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Business, 12.03.2020 03:42 sanjanadevaraj26

In the short run, the marginal cost of the first unit of output is $20, the average variable cost of producing three units of output is $16, and the marginal cost of producing the second unit of output is $16. What is the marginal cost of producing the third unit of output?

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In the short run, the marginal cost of the first unit of output is $20, the average variable cost of...

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