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Business, 24.07.2020 17:01 XAINEE

When output is 20, fixed costs are $100 and variable costs are $400. When output rises to 21, fixed costs are $100 and variable costs are $450. This implies that the marginal cost of the last unit of output equals:

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When output is 20, fixed costs are $100 and variable costs are $400. When output rises to 21, fixed...

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