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Business, 18.01.2021 22:40 kaylienguyen

Labor is the only variable input for Elliot's dog-walking service. His labor costs are $300 a day and his service walks 25 dogs per day. His labor costs increase to $315.50 a day to walk 26 dogs per day. The marginal cost of walking that 26th dog is A) $15.50. B) $19.50. C) $29.50. D) indeterminate from the information given.

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