Total Fixed Total VariableLabor(workers) (units per day)OutputCostcost(dollars)(dollars)20202550123715131620201004.5.1820 3. The marginal cost (MC) when outputincreases from 4 to 9 units equals: *O a. $4.25O b. $4.00c. $25.00O d. $5.00

Marginal cost refers to the additional cost of production incurred in the process of increasing…

Answered: 3. The marginal cost (MC) when output…

3. The marginal cost (MC) when output increases from 4 to 9 units equals: * O a. $4.25 O b. $4.00 O c. $25.00 O d. $5.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Total Fixed Total Variable
Labor
(workers) (units per day)
Output
Cost
cost
(dollars)
(dollars)
20
20
25
50
1
2
3
715
13
16
20
20
100
4.
5.
18
20

3. The marginal cost (MC) when output
increases from 4 to 9 units equals: *
O a. $4.25
O b. $4.00
c. $25.00
O d. $5.00

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