What is marginal cost at this level of output


Problem

The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,000. Fixed cost is $120,000. When the firm uses 100 units of labor, what is marginal cost at this level of output?

Request for Solution File

Ask an Expert for Answer!!
Operation Management: What is marginal cost at this level of output
Reference No:- TGS03343938

Expected delivery within 24 Hours