Find the marginal cost of last bucking bronco produced, Microeconomics

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Find the marginal cost of last bucking bronco produced

Suppose Billy Bud's Bucking Broncos employs 20 workers at a daily wage rate of $60 each. The average product of labor is 30 bucking broncos per day; the marginal product of the last worker is 12 bucking broncos per day; and total fixed cost is $3,600 for equipment. What is the marginal cost of the last bucking bronco produced?

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Microeconomics: Find the marginal cost of last bucking bronco produced

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Microeconomics: Find the marginal cost of last bucking bronco produced

Reference No:- TGS064713

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is the pv of a perpetuity

Q : Cultural norm have on compensation system

Q : What are some bloom taxonomy questions for fahrenheit 451

Q : What is the nominal future value

Q : Find the marginal cost of last bucking bronco produced

Q : What is the irr of this project

Q : Capacity to generate additional income

Q : Area of consumer and producer surplus

Q : How central planning of economy differ from market economies

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the marginal cost of last bucking bronco produced

Reference No:- TGS064713

Recent Questions Asked Microeconomics

Q : What is the pv of a perpetuity

Q : Cultural norm have on compensation system

Q : What are some bloom taxonomy questions for fahrenheit 451

Q : What is the nominal future value

Q : Find the marginal cost of last bucking bronco produced

Q : What is the irr of this project

Q : Capacity to generate additional income

Q : Area of consumer and producer surplus

Q : How central planning of economy differ from market economies

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