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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Gg.105.
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ac4e879-d556-4855-b014-64fe8d1fa5b0%2F78f2b758-5c2a-49ee-b654-77fa2eda6388%2F90e2f6k_processed.jpeg&w=3840&q=75)
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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