A firms output, variable costs, and total costs are given in Table 12P-4. a. Calculate marginal cost

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A firm’s output, variable costs, and total costs are given in Table 12P-4.

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a. Calculate marginal cost using the formula given in the chapter: change in total cost divided by change in quantity.
b. Calculate change in variable cost divided by change in quantity.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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