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In a Small Economy That Produces Smart Phones and Laptops

Question 63

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In a small economy that produces smart phones and laptops, the marginal cost of a smart phone is $60 and the marginal cost of a laptop is $150. In a small economy that produces smart phones and laptops, the marginal cost of a smart phone is $60 and the marginal cost of a laptop is $150.

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a. Because the marginal cost of producin...

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