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Consider the following table illustrating the production function of gadgets. Furthermore, suppose the firm has fixed costs of $2,000/day and the wage rate is $250/day.

Consider the following table illustrating the production function of gadgets. Furthermore, suppose the firm has fixed costs of $2,000/day and the wage rate is $250/day.

What is the firm's marginal cost of producing the 900th gadget?

a) $0.50

b) $1.60

c) $2.78

d) none of the above

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