Question
Suppose that a firm uses 3 units of available input at a price of $3/unit. Also, the firm uses 8 units of a
variable input at a price of $6/unit. Then the marginal input cost equals:
$7.8/unit
а.
b. $39/unit
$48/unit
с.
d. Can't tell; insufficient information

Image Transcription

Suppose that a firm uses 3 units of available input at a price of $3/unit. Also, the firm uses 8 units of a variable input at a price of $6/unit. Then the marginal input cost equals: $7.8/unit а. b. $39/unit $48/unit с. d. Can't tell; insufficient information

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Cost of production

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