A firm that can produce 15 units at a total cost of $200 or 18 units...
A firm that can produce 15 units at a total cost of $200 or 18 units at $260 has a marginal cost of the eighteenth unit equal to
a. $20
b. $60
c. 3 units
d. $14.44
Homework Answers
Answer
MC(n)=(TC(n)-TC(p))/(n-p)
MC(n)=marginal cost of n th unit
TC(n)=Total cost of n units of output
TC(p)=Total cost of p unit of output
here, n>p.
MC(18)=(260-200)/(18-15)
=20
the marginal cost of 18th unit is $20
Option a
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units of a good is given by the function:
C(q)=8q+58000
Answer the following.
(A) What is the total cost to produce 6,000 units?
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(B) How many units can be produced with a total of $98,800?
Answer =
17) The function graphed below has:
Positive derivative on the interval(s) =
Negative derivative on the interval(s) =
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