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Costs, Quantities and Price for Firm in Perfect Competition Price Quantity Sold Marginal Revenue Marginal Cost Average Total Cost $6 124 -- -- -- $6
Costs, Quantities and Price for Firm in Perfect Competition Price Quantity Sold Marginal Revenue Marginal Cost Average Total Cost $6 124 -- -- -- $6 125 (A) $2 $6.12 $6 126 (B) $2.10 $6.09 $6 127 (C) $2.15 $6.06 $6 128 (D) $2.20 $6.03 Use the table above to answer the following question. What is the cost of producing the 127th unit
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
