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Before producing any widgets, a business has total costs of $25,000 that increases to $27,500 when the business produces 1,000 widgets. What is the marginal cost of producing each widget?

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Before producing any widgets, a business has total costs of $25,000 that increases to $27,500 when the business produces 1,000 widgets. What is the marginal cost of producing each widget?






 
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