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Unformatted text preview: A) $90 B) $120 C) $160 D) $210 4. Refer to the above table. The average total cost of producing 35 units of output is: A) $1.41 B) $4.57 C) $6.00 D) $7.00 5. Refer to the above table. Diminishing returns set in with the addition of the: A) First unit of input B) Second unit of input C) Third unit of input D) Fourth unit of input 6. Refer to the above table. When output increases from 28 to 35 units, the marginal cost of the product is: A) $4.44 B) $5.71 C) $6.00 D) $6.67...
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This note was uploaded on 04/22/2010 for the course ECO 112 taught by Professor Smith during the Spring '10 term at Bowling Green.
- Spring '10