If a firm uses 14000 kwhmonth what is its average and
Electricity is sold for $0.12 per kilowatt-hour (kWh) for the first 10,000 units each month and $0.09/kWh for all remaining units. If a firm uses 14,000 kWh/month, what is its average and marginal cost? (Answer: average cost is $0.111/kWh)
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