Question
Given the data provided in the table below, what will the marginal cost be equal to if the current level of production is (Q) level
Given the data provided in the table below, what will the marginal cost be equal to if the current level of production is (Q) level 3 and then production will increase to the quantity (Q) level 4?
Q | P | TC | TR | MR | MC | Profit |
0 | $7 | $12 | ||||
1 | $7 | $16 | ||||
2 | $7 | $17 | ||||
3 | $7 | $25 | ||||
4 | $7 | $30 | ||||
5 | $7 | $33 | ||||
6 | $7 | $40 | ||||
7 | $7 | $44 |
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
