ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Answer the question on the basis of the following cost data.
Average Fixed
Average Variable
Output
Cost
Cost
1
$ 50.00
$ 100.00
2
25.00
80.00
3
16.67
66.67
4
12.50
65.00
5:35
5
10.00
68.00
6
8.37
73.33
7
7.14
80.00
8
6.25
87.50
The marginal cost of the sixth unit of output is
Multiple Choice
О
$440.00.
$8.37.
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Transcribed Image Text:Answer the question on the basis of the following cost data. Average Fixed Average Variable Output Cost Cost 1 $ 50.00 $ 100.00 2 25.00 80.00 3 16.67 66.67 4 12.50 65.00 5:35 5 10.00 68.00 6 8.37 73.33 7 7.14 80.00 8 6.25 87.50 The marginal cost of the sixth unit of output is Multiple Choice О $440.00. $8.37.
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