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It costs a company $100,000 to produce 1,000 bicycles. Its cost will be $100,120 if it produces one additional bicycle. If the company produces 1,000
It costs a company $100,000 to produce 1,000 bicycles. Its cost will be $100,120 if it produces one additional bicycle. If the company produces 1,000 bicycles, then (over please) A. its average cost is greater than its marginal cost. B. its average cost is less than its marginal cost. C. its average cost and marginal cost are the same. D. there is insufficient information to compute average cost and marginal cost
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