Consider a firm with the following cost function C(q)= 30+5g. Currently the firm is producing 100 units of output. Its marginal cost is given O A. $530 O B. $535 O C. $5 O D. $30 O E. None of the above

Consider a firm with the following cost function C(q)= 30+5g. Currently the firm is producing 100 units of output. Its marginal cost is given O A. $530 O B. $535 O C. $5 O D. $30 O E. None of the above

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.3: The Various Measures Of Cost

Problem 3QQ

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Question

Consider a firm with the following cost function C(q)= 30+5g. Currently the firm is producing 100 units of output. Its marginal cost is given by
A. $530
O B. $535
O C. $5
O D. $30
E. None of the above

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