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Exhibit 21-3 Marginal Physiçal Product of Total Total Fixed Variable Input Fixed Variable Marginal Variable Cost Cost Cost Input Input Output (units) (units) (units) (units) (dollars) (dollars) (dollars) $500 $0 1 1. 10 (A) $500 $200 (F) 1 25 (B) $500 $400 (G) 1 45 (C) $500 $600 (H) 60 (D) $500 $800 (1) 1 70 (E) $500 $1000 5. Refer to Exhibit 21-3. The marginal cost figures in blanks (F) and (G), respectively, are O a. $2.00 and $1.60. b. $2.00 and $2.66. O . $20.00 and $13.33. d. $2.00 and $1.33.

Exhibit 21-3 Marginal Physiçal Product of Total Total Fixed Variable Input Fixed Variable Marginal Variable Cost Cost Cost Input Input Output (units) (units) (units) (units) (dollars) (dollars) (dollars) $500 $0 1 1. 10 (A) $500 $200 (F) 1 25 (B) $500 $400 (G) 1 45 (C) $500 $600 (H) 60 (D) $500 $800 (1) 1 70 (E) $500 $1000 5. Refer to Exhibit 21-3. The marginal cost figures in blanks (F) and (G), respectively, are O a. $2.00 and $1.60. b. $2.00 and $2.66. O . $20.00 and $13.33. d. $2.00 and $1.33.

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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Exhibit 21-3 Total Total Marginal Physical Product of Variable Fixed Variable Input Fixed Variable Marginal Cost Cost Cost Input Input Output (units) (units) (units) (dollars) (dollars) (dollars) $500 $0 1 1 10 (A) $500 $200 (F) 1 1 25 (B) $500 $400 (G) 2 1 45 (C) $500 $600 (H) 3 1 60 (D) $500 $800 (1) 4 1 70 (E) $500 $1000 (). Refer to Exhibit 21-3. The marginal cost figures in blanks (F) and (G), respectively, are a. $2.00 and $1.60. b. $2.00 and $2.66. c. $20.00 and $13.33. d. $2.00 and $1.33.
Transcribed Image Text:Exhibit 21-3 Total Total Marginal Physical Product of Variable Fixed Variable Input Fixed Variable Marginal Cost Cost Cost Input Input Output (units) (units) (units) (dollars) (dollars) (dollars) $500 $0 1 1 10 (A) $500 $200 (F) 1 1 25 (B) $500 $400 (G) 2 1 45 (C) $500 $600 (H) 3 1 60 (D) $500 $800 (1) 4 1 70 (E) $500 $1000 (). Refer to Exhibit 21-3. The marginal cost figures in blanks (F) and (G), respectively, are a. $2.00 and $1.60. b. $2.00 and $2.66. c. $20.00 and $13.33. d. $2.00 and $1.33.
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