In the Short Run, the Marginal Cost of Producing the First

question 83

Multiple Choice

In the short run, the marginal cost of producing the first unit of output is $50, the marginal cost of the second unit of output is $20, and the marginal cost of producing the third unit of output is $16. The firm's total cost of producing three units of output is

• A) $16.
• B) $48.
• C) $86.
• D) cannot be determined from the information provided

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