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Economics

A taxi company currently has 9 cabs in its fleet, and its total daily cost is $4,750. If a taxi company adds a tenth cab, the company's total daily cost will increase to $4,800 and its total revenue will increase by $100 per day. Should the company add the tenth cab?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9465464

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