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Mandolina Mandolina
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7 years ago
Suppose the marginal cost of producing the first unit of output is $100 and the marginal cost of producing the second unit of output is $80. If the total cost of producing two units of output is $1080, the firm's total fixed costs must be equal to $ 900.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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foliogefolioge
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Mandolina Author
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7 years ago
YOU SAVED MY LIFE AND MY GRADE!

Thank you!
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