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10. The Costs of Production
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Problem 15
10. The Costs of Production
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10. The Costs of Production / Marginal Cost / Problem 5
Problem 5
If hiring an additional worker increases total output from 50 to 80 units and total cost from \$200 to \$280, what is the marginal cost of the additional output?
A
\$1.60
B
\$3.00
C
\$80
D
\$2.67
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