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Suppose the Marginal Cost of the 1st Hour of Talking

Question 51

Multiple Choice

Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marginal cost of the 3rd hour is $105. In this case, the total cost of talking on the phone for 3 hours is:


A) $315
B) $105
C) $230
D) $150

Correct Answer:

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