(TCO C) You have been hiredto manage a small manufacturing facility whose cost and productiondata are given in the table below.No. of workers Total LaborCost Output TotalRevenue 1 $150 100 $170 2 300 108 550 3 450 114 1150 4 600 119 1470 5 750 123 1600 6 900 125 1700 7 1050 126 1750 What is the marginal cost of the fifth worker?
(TCO C) You have been hiredto manage a small manufacturing facility whose cost and productiondata are given in the table below.
No. of workers Total LaborCost Output TotalRevenue
1 $150 100 $170
2 300 108 550
3 450 114 1150
4 600 119 1470
5 750 123 1600
6 900 125 1700
7 1050 126 1750
What is the marginal cost of the fifth worker?
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