Marginal cost of the third unit of output
Problem: Given the curves shown below, the marginal cost of the 3rd unit of output is:
A) $6.00.
B) $10.00.
C) $16.00.
D) $25.00.
E) None of the above.
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Problem 1: Given the curve shown below, the marginal product of labor will be maximized at: A) 0 units of output. B) 1 unit of output. C) 2 units of output. D) 3 units of output. E) not enough information to tell.
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