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Use the cost table below to find the following marginal costs. Output quantity Total variable cost Total fixed cost Total cost 20 80 60 140
Use the cost table below to find the following marginal costs.
Output quantity | Total variable cost | Total fixed cost | Total cost |
---|---|---|---|
20 | 80 | 60 | 140 |
40 | 140 | 60 | 200 |
60 | 210 | 60 | 270 |
80 | 300 | 60 | 360 |
100 | 420 | 60 | 480 |
120 | 600 | 60 | 660 |
140 | 840 | 60 | 900 |
What is the marginal cost when output is60?$ What is the marginal cost when output is100?$ What is the marginal cost when output is120?$
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