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Consider the following cost schedule. Labour TP TFC TVC TC AFC AVC ATC MC a 0 0 210.0 0.0 210.0 - - - - b
Consider the following cost schedule.
Labour | TP | TFC | TVC | TC | AFC | AVC | ATC | MC | |
a | 0 | 0 | 210.0 | 0.0 | 210.0 | - | - | - | - |
b | 1 | 10 | 210.0 | 22.5 | 232.5 | 2.3 | 23.3 | 2.3 | |
c | 2 | 22 | 210.0 | 45.0 | 255.0 | 2.0 | 11.6 | ||
d | 3 | 31 | 210.0 | 67.5 | 277.5 | 6.8 | 2.2 | 9.0 | |
e | 4 | 37 | 210.0 | 90.0 | 300.0 | 5.7 | 8.1 | 3.8 | |
f | 5 | 41 | 210.0 | 112.5 | 322.5 | 5.1 | 7.9 | 5.6 |
What is marginal cost at points c and d?
Select one:
(a) 5.6 and 2.3
(b) 8.1 and 7.9
(c) 1.9 and 2.5
(d) 2.3 and 2.5
Thanks
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