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Quantity Fixed Cost Variable Cost Total Cost Marginal Cost 10 200 50 250 ****************** 20 200 100 300 5 30 200 300 500 20 40
| Quantity | Fixed Cost | Variable Cost | Total Cost | Marginal Cost |
| 10 | 200 | 50 | 250 | ****************** |
| 20 | 200 | 100 | 300 | 5 |
| 30 | 200 | 300 | 500 | 20 |
| 40 | 200 | 800 | 1000 | X |
(a) Find the marginal cost as X.
(b) If the equilibrium price is $20, find the profit maximizing quantity.
(c) How much profit will the firm earn?
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Rural Development And Urban-Bound Migration In Mexico
Authors: Arthur Silvers, Pierre Crosson
1st Edition
1317270681, 9781317270683
