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A firm has a fixed cost of $200 in its first year of operati

Paper help Economics A firm has a fixed cost of $200 in its first year of operati

Economics

A firm has a fixed cost of $200 in its first year of operati

A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units… Show more; A firm has a fixed cost of $200 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 $700. What is the total cost of producing 100 units? Answer

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