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Answer the question on the basis of the following cost data. Output Total Cost 0 $ 24 1 33 2 41 3 48 4 54

Answer the question on the basis of the following cost data.

Output Total Cost
0 $ 24
1 33
2 41
3 48
4 54
5 61
6 69

The marginal cost of producing the second unit of output is:

  • $12.00.
  • $8.
  • $20.50.
  • $17.

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