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Table 15-1 Price per Unit Quantity Demanded Total Cost of Production (units) (dollars) $85 10 $530 80 11 540 75 12 550 70 13 560
Table 15-1 Price per Unit Quantity Demanded Total Cost of Production (units) (dollars) $85 10 $530 80 11 540 75 12 550 70 13 560 65 14 575 60 15 595 55 16 625 A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1. Refer to Table 15-1. What is the marginal cost of producing the 12th unit? O $550 O $10 O $5 O $0
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