Figure 13-3 Cost (dollars) $20 12 Marginal Cost (MC) Average total cost (ATC) Average variatie cost (AVC) ° 50 100 150 Quantity Refer to Figure 13-3. What is the marginal revenue of the sixth unit of output? $5 $9 $54 $4
Figure 13-3 Cost (dollars) $20 12 Marginal Cost (MC) Average total cost (ATC) Average variatie cost (AVC) ° 50 100 150 Quantity Refer to Figure 13-3. What is the marginal revenue of the sixth unit of output? $5 $9 $54 $4
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 1RQ: Exercise A1 Name three kinds of graphs and briefly state when is most appropriate to use each type...
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Transcribed Image Text:Figure 13-3
Cost
(dollars)
$20
12
Marginal
Cost (MC)
Average total
cost (ATC)
Average variatie
cost (AVC)
°
50
100
150
Quantity
Refer to Figure 13-3. What is the marginal
revenue of the sixth unit of output?
$5
$9
$54
$4
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