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Suppose that a? firm's only variable input is? labor, and the constant hourly wage rate is ?$30 per hour. The last unit? (hour) of labor hired enabled the firm to increase its hourly production from 250 units to 251 units.

What was the marginal cost of the 251st unit of? output? ?$?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91829214

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