What is the marginal cost of the unit of output, Microeconomics

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What is the marginal cost of the unit of output

In the short run , a firm's total costs of producing 100 units of output equal $10 000 . If it produces one more unit, its total costs will increase to $10 150.

a. What is the marginal cost of the 101 st unit of output?

b. What is the firm's average total cost of producing 100 units?

c. What is the firm's average total cost of producing 101 units?

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Microeconomics: What is the marginal cost of the unit of output

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Microeconomics: What is the marginal cost of the unit of output

Reference No:- TGS065554

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the marginal cost of the unit of output

Reference No:- TGS065554

Recent Questions Asked Microeconomics

Q : Categories of balance of payments transactions

Q : Effect of an increase in the foreign interest rate

Q : How do economists of that school justify that prescription

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