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13-03-2024
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Consider the following chart. How much is the marginal cost when total output increases from 320 pounds to 390 pounds? Total Output (Pounds) Total Cost (TC = FC + VC) Marginal Cost 0 150 150 300 240 450 320 600 390 750 450 900 420 1050 $2.50 $1.87 $2.33 $2.14

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