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A firm's output, variable costs, and total costs are given in the table below. Instructions: Round your answers to the nearest dollar. a. Calculate marginal
A firm's output, variable costs, and total costs are given in the table below. Instructions: Round your answers to the nearest dollar. a. Calculate marginal cost using the formula given in the chapter: A total cost /A quantity. Quantity Variable cost (5) Total cost ($) Harginal cost ($) b. Calculate A variable cost /A quantity. A variable cost / Quantity Variable cost ($) Total cost ($) A quantity ($)
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