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What is the marginal cost of the 101st unit of output

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Reference no: EM13329307

In a short run, a firm’s total costs of producing the hundredth unit of output equals $10,000. If it produces one more unit, its total cost will increase to $10,150.

a. What is the marginal cost of the 101st unit of output?

b. What is the firm’s average total cost of producing a 100 units?

Reference no: EM13329307

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