A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are $3,500 . When it produces 101 units of output, its total costs are $3,750 . What is the marginal cost of producing the 101st unit of output?

a. $250
b. $275
c. $340.91
d. $350


a

Economics

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