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Input (Workers) Output TFC ($) TVC ($) Total Cost ($) 0 0 50 0 1 8 50 40 90 2 20 50 80 3 28
Input (Workers) Output TFC ($) TVC ($) Total Cost ($) 0 0 50 0 1 8 50 40 90 2 20 50 80 3 28 50 120 170 4 35 50 210 5 41 50 200 250 Refer to the provided table. When output increases from 28 to 35 units, the marginal cost of the product is $4.44. $5.71. $6.00. $6.67
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
