Nimubs, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus's output during a given day: Workers Output Marginal Product Total Cost Average Total Cost Marginal Cost 0 20 50 90 0 1 2 3 A worker is paid $100 a day, and the company's fixed cost is $200. What is the marginal cost as Nimbus's output increases from 50 brooms to 90 brooms? $3.33 $2.5 $5.56 $100

Nimubs, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus's output during a given day: Workers Output Marginal Product Total Cost Average Total Cost Marginal Cost 0 20 50 90 0 1 2 3 A worker is paid $100 a day, and the company's fixed cost is $200. What is the marginal cost as Nimbus's output increases from 50 brooms to 90 brooms? $3.33 $2.5 $5.56 $100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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