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Marginal cost of the fourth unit of output

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Reference no: EM131287681

Three part question, use table to answer. Please show work.

1. At 4 units of output what are total fixed cost?  

2. What is the marginal cost of the fourth unit of output?  

3. At 4 units of output what are total variable costs?

Output (units per day)

Total cost (dollars per day)

0

16

1

30

2

42

3

58

4

78

Reference no: EM131287681

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