The marginal cost of producing the 100th unit of output is
A firm has a fixed cost of $700 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $200. What is the total cost of producing 100 units?
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a firm has a fixed cost of 700 in its first year of operation when the firm produces 99 units of output its total costs
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