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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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