The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $[f). Based on the information in the table below, what is the Marginal Cost when Q=300? Enter a number only, drop the $ sign. Wage rate $100 per unit of Labour Quantity Quantity of of Labour Output 8 24 13 181 26 300 51 357

The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $[f). Based on the information in the table below, what is the Marginal Cost when Q=300? Enter a number only, drop the $ sign. Wage rate $100 per unit of Labour Quantity Quantity of of Labour Output 8 24 13 181 26 300 51 357

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 3.7P

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Workers per day Variable cost in S per day Pizza Fixed cost in S per day 400 6.00 400- 400. 400 400 Eper day 01 400 0- 200 (350 1750 450 600 31 ... .... 13 DIS 145 170 260- 850 400 800 28. Referring to the table above, when thesecond worker.is hired, the marginal cost per pizza is equal to: a. )$3 5. $75 'mC= poutput. 在三 EE=TC- TVC TS-TFC tTV - yo + 36 C. %3D d) $150