5) If Hilltop Turf Farm's total cost of producing acres of sod isTC = 0.202- 1200 - 5,000, the marginal cost of producing the fiftiethsoth acre of sod isa) S110.b) $120.C) $130.d) $140.e) $150.

Answered: 5) If Hilltop Turf Farm's total cost of…

5) If Hilltop Turf Farm's total cost of producing acres of sod is TC= 0.20- 1200 - 5,000, the marginal cost of producing the fiftieth 50th acre of sod is a) S110. b) $120. C) $130. d) $140. e) S150.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 32CTQ: How does fixed cost affect marginal cost? Why is this relationship important?

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Question

5) If Hilltop Turf Farm's total cost of producing acres of sod is
TC = 0.202- 1200 - 5,000, the marginal cost of producing the fiftieth
soth acre of sod is
a) S110.
b) $120.
C) $130.
d) $140.
e) $150.

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