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The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. TABLE 7-4Refer to Table 7-4. The total cost (TC) of producing 350 units of output is begin{tabular}{|c} hline$150. hline$300. hline$125. hline$100. hline$350. end{tabular}.

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The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital. When answering the questions, you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100. TABLE 7-4Refer to Table 7-4. The total cost (TC) of producing 350 units of output is begin{tabular}{|c} hline$150. hline$300. hline$125. hline$100. hline$350. end{tabular}

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