Find the marginal cost of producing the third unit of output, Microeconomics

+44 141 628 6080
[email protected]

Find the marginal cost of producing the third unit of output

Use the following table to answer questions a-c.

Output (Q):
0 1 2 3 4 5 6
Total Cost(TC):
$36 $45 $52 $61 $74 $91 $110

a. What is the average fixed cost of producing 4 units of output?
b. What is the marginal cost of producing the third unit of output?
c. At what level of output does the firm encounter diminishing marginal returns? How do you know?

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the marginal cost of producing the third unit of output

Reference No:- TGS041340

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Financial markets and financial regulation

What does Behavioral Finance (BF) have to offer in a debate where the main topic is Financial Markets and Financial Regulation? Focus both on the micro (individual) behavior and the macro (system-wide/economy-wide) behavior. You may submit your w

Q : Explain unemployment rate turns out to be high

The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect that stock prices are more likely to fall.

Q : Fixed exchange rate system to work successfully

For a fixed exchange rate system to work successfullyfixed exchange rate system to work successfully, the government that oversees its operations must be able to make tight budget and monetary policies prevail from the beginning.

Q : Dividend paid to common stockholders

The company paid total cash dividends of $500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Q : Find the marginal cost of producing the third unit of output

What is the marginal cost of producing the third unit of output? At what level of output does the firm encounter diminishing marginal returns? How do you know?

Q : Determining the capital structure decisions

Analyze the approaches to capital structure decisions and determine which theory is the most applicable across the widest number of scenarios explain your rationale.

Q : What would the son have received from the settlement

Assume that, at the time of death, the estate included 1,200 shares of Dorn stock, $60,000 cash in the savings account, and $70,000 in cash from other sources. What would the son have received from the settlement of the estate?

Q : What will the consumer do to arrive at a new equilibrium

Donuts a week at 50 cents a donut. If the price of a hamburger increases to $2.00, what will the consumer do to arrive at a new equilibrium? Why?

Q : Determine free cash flow for the current year

XYZ Inc. has the following info from the previous year: What is free cash flow for the current year?

1940960

Questions
Asked

3,689

Active Tutors

1457921

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the marginal cost of producing the third unit of output

Reference No:- TGS041340

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Financial markets and financial regulation

Q : Explain unemployment rate turns out to be high

Q : Fixed exchange rate system to work successfully

Q : Dividend paid to common stockholders

Q : Find the marginal cost of producing the third unit of output

Q : Determining the capital structure decisions

Q : What would the son have received from the settlement

Q : What will the consumer do to arrive at a new equilibrium

Q : Determine free cash flow for the current year

Identify one antecedent, one behaviour, and one consequence

What is a behavioral indicator related to family

Problem regarding the america youth and social media

Discuss three ethical guidelines that are important

Is early food experiences can impact development

Discussion about gender stereotyping

Provide reasons why working from a person centred

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the marginal cost of producing the third unit of output

Reference No:- TGS041340

Recent Questions Asked Microeconomics

Q : Financial markets and financial regulation

Q : Explain unemployment rate turns out to be high

Q : Fixed exchange rate system to work successfully

Q : Dividend paid to common stockholders

Q : Find the marginal cost of producing the third unit of output

Q : Determining the capital structure decisions

Q : What would the son have received from the settlement

Q : What will the consumer do to arrive at a new equilibrium

Q : Determine free cash flow for the current year

Asked Questions