Question
Use the table below to answer the following question. Units Total Fixed Cost Total Variable of Output (dollars) Cost (dollars) 1 150 25 2 150
Use the table below to answer the following question.
Units | Total Fixed Cost | Total Variable |
of Output | (dollars) | Cost (dollars) |
1 | 150 | 25 |
2 | 150 | 48 |
3 | 150 | 70 |
4 | 150 | 100 |
What is the marginal cost (MC) of producing thefourth unit of output?
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
