Refer to the below table and information. The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table. The marginal cost of the sixth unit of output is: Output 1 2 3 4 5 6 Total variable cost $400 720 1000 1400 2000 3600

ENGR.ECONOMIC ANALYSIS
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Refer to the below table and information.
The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table. The marginal cost of the sixth unit
of output is:
Output
1
2
3
st
4
5
6
Total variable
cost
$400
720
1000
1400
2000
3600
Transcribed Image Text:Refer to the below table and information. The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table. The marginal cost of the sixth unit of output is: Output 1 2 3 st 4 5 6 Total variable cost $400 720 1000 1400 2000 3600
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