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Marginal Cost
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Marginal Cost
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10. The Costs of Production / Marginal Cost / Problem 1
Problem 1
A bakery finds that the cost of producing 50 loaves of bread is \$250, and the cost of producing 51 loaves is \$255. What is the marginal cost of the 51st loaf?
A
\$255
B
\$1
C
\$5
D
\$250
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