Suppose, in its first year of operation, a face mask company has a fixed cost...
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Suppose, in its first year of operation, a face mask company has a fixed cost of $500. When the face mask company produces 100 face masks, its total costs are $3,500. However, when this company produces 101 face masks, its total costs are $3,775. What is the marginal cost of the 101st face mask? $250 $275 $340.91 $350
$250
$275
$340.91
$350
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