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    Calculating the marginal cost in the given case

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    The amount of capital is 17.

    The TP function is

    The capital cost is $151 per unit.
    The wage rate is $105 per unit.

    What is the marginal cost with 8 worker(s) (to two decimal places)?

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    Differentiate with respect to L, we ...

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    Solution depicts the steps to estimate the marginal cost in the given case.