At Elliott's dog-walking service, the only input is labor. Elliott's labor costs are $300 per day and
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At Elliott's dog-walking service, the only input is labor. Elliott's labor costs are $300 per day and his service walks 30 dogs per day. To walk 31 dogs per day, his labor costs would increase to $305 per day. The marginal cost of walking the thirty-first dog is_________ per day.
a. $5
b. $9.83
c. $19.52
d. $305
e. $300
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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