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 5 and then production will increase to the quantity (Q) level 6?
Q | P | TC | TR | MR | MC | Profit |
0 | $6 | $10 | ||||
1 | $6 | $13 | ||||
2 | $6 | $18 | ||||
3 | $6 | $23 | ||||
4 | $6 | $31 | ||||
5 | $6 | $35 | ||||
6 | $6 | $38 | ||||
7 | $6 | $41 |
Please type the answer in the answer box without the "$".
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Austro-corporatism Past, Present, Future
Authors: Gunter Bischof
1st Edition
1000675858, 9781000675856
