2. A firm produces 200 units and total cost of production is $4000. When they increase output to 220, the cost rises to $4 200. What is the average cost of producing 220 units?
2. A firm produces 200 units and total cost of production is $4000. When they increase output to 220, the cost rises to $4 200. What is the average cost of producing 220 units?
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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