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Business, 31.07.2019 17:10 LuvieAnn1886

tony's taco truck has an average variable cost of $1.50 and a marginal cost of $2 when it produces 50 units of output (tacos). we can conclude that the average variable cost of producing 51 tacos isa. higher than $1.50. b. lower than $1.50. c. equal to $1.50. d. either higher or lower than $1.50 depending on the direction of the marginal cost curve.

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