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Employee hours per day day Output per Output price Hourly wage Rent rate $2 $14 S50 40 $2 $2 S14 $50 4. 80 S14 $50 $50 9. 120 $2 $14 15 160 $2 $14 $50 23 200 $2 $14 $50 Refer to the figure above, what is the marginal cost of producing the 12Oth unit? O $1.75 O $2.1

Employee hours per day day Output per Output price Hourly wage Rent rate $2 $14 S50 40 $2 $2 S14 $50 4. 80 S14 $50 $50 9. 120 $2 $14 15 160 $2 $14 $50 23 200 $2 $14 $50 Refer to the figure above, what is the marginal cost of producing the 12Oth unit? O $1.75 O $2.1

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Employee hours per day day Output per Output price Hourly wage Rent rate $2 $14 S50 40 $2 $50 $50 $50 $14 4. 80 $2 S14 9. 120 $2 $2 $14 15 160 $14 $50 23 200 $2 $14 $50 Refer to the figure above, what is the marginal cost of producing the 120th unit? O $1.75 O $2.1 O S14 O $1.05
Transcribed Image Text:Employee hours per day day Output per Output price Hourly wage Rent rate $2 $14 S50 40 $2 $50 $50 $50 $14 4. 80 $2 S14 9. 120 $2 $2 $14 15 160 $14 $50 23 200 $2 $14 $50 Refer to the figure above, what is the marginal cost of producing the 120th unit? O $1.75 O $2.1 O S14 O $1.05
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