A firm has a fixed cost of $100,000, and variable cost is $90,000 at an output of

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A firm has a fixed cost of $100,000, and variable cost is $90,000 at an output of one. How much is marginal cost at an output of one?

a) $10,000

b) $90,000

c) $100,000

d) $190,000

e) There is insufficient information to answer the question.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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A firm has a fixed cost of $100,000, and variable cost is $90,000 at an output of

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The correct answer is b 90000 Heres how we can find the marginal cost at an output of one ...View the full answer

Microeconomics

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