Marginal cost of the unit of output

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The Sunshine Corporation finds its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.

Output

TVC

1

$30

2

50

3

65

4

85

5

110

Refer to the above information. The marginal cost of the 3 unit of output is:

Reference no: EM133130098

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