The Average Variable Cost of Producing 1,2,3,and 4 Units of a Product

question 3

Essay

The average variable cost of producing 1,2,3,and 4 units of a product is respectively equal to $5,$6,$7,and $8.Find the marginal cost of the first four units of output.

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Definitions:

Biosphere Reserves

Zones designed and set aside to protect biodiversity, promote sustainable development, and foster research and conservation education.

In Situ Conservation

The practice of conserving biodiversity in its natural habitat or original location, focusing on protecting the ecosystems and natural processes.

Biodiversity Hotspot

A region that is both a significant reservoir of biodiversity and is threatened with destruction.

Biodiversity Hotspot

A biogeographic region with a significant reservoir of biodiversity that is under threat from humans.