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nguyenduong67 nguyenduong67
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6 years ago
In the short run, the marginal cost of the first unit of output is $20, the marginal cost of producing the second unit of output is $16, and the marginal cost of producing the third unit of output is $12. The firm's total variable cost of producing three units of output is
A) $12.
B) $16.
C) $20.
D) $48.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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nguyenduong67 Author
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You make an excellent tutor!
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Smart ... Thanks!
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