Quantity (number ofFixedVariable Total Marginal Costs Costs Costs Costs ($) units) ($) ($) ($) 1 10 16 4 10 25 The marginal cost of producing the unit number 3 is Hint: start by finding the TC for producing 1 unit. Then, from the MC of producing the unit number 2, you can determine the TC for producing 2 units. The MC of the unit number 3 is then obtained easily. 2. 1. 3.

Quantity (number ofFixedVariable Total Marginal Costs Costs Costs Costs ($) units) ($) ($) ($) 1 10 16 4 10 25 The marginal cost of producing the unit number 3 is Hint: start by finding the TC for producing 1 unit. Then, from the MC of producing the unit number 2, you can determine the TC for producing 2 units. The MC of the unit number 3 is then obtained easily. 2. 1. 3.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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