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Quantity Average fixed cost Average variable cost Average total cost 0 1 $5 2 $14 3 $4 $8 I am asked to find the marginal
Quantity | Average fixed cost | Average variable cost | Average total cost |
0 | |||
1 | $5 | ||
2 | $14 | ||
3 | $4 | $8 |
I am asked to find the marginal cost of the 3rd unit. Can you please explain how I should go about doing this problem?
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