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Thank you very much A competitive firm operates in the short run where labour is the only variable input. The average total cost of producing

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Thank you very much

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A competitive firm operates in the short run where labour is the only variable input. The average total cost of producing 100 units of output is $0.25 per unit. If marginal cost is constant at $0.10 for all units of output produced, the total cost of producing 50 units of output is which one of the following? A. $20 B. 525 C. 550 D. $60

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