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A firm is producing 2,000 units at a total cost of 6,000. If it were to increase production to 2,500 units, its total cost would

A firm is producing 2,000 units at a total cost of 6,000. If it were to increase production to 2,500 units, its total cost would rise to 7,500. What does this information tell you about the firm? a. Marginal cost is 50, and average variable cost is 3.

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