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Question 33
1.25 points
Labor is the only variable input for Mark's dog-walking service. His labor costs are $300 a day and his service walks 25 dogs per day. His labor costs increase to $315.50 a day to walk 26 dogs per day. The marginal cost of walking that 26 th dog is
a. $15.50
b. indeterminate from the information given.
c. $29.50.
d. $19.50
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