Use the cost table below to find the following marginal costs. Output quantity Total Variable Cost Total Fixed Cost Total Cost 100 100 30 180 100 280 60 300 100 400 90 480 100 580 120 690 100 790 What is the marginal cost at 120 units of output?

Use the cost table below to find the following marginal costs. Output quantity Total Variable Cost Total Fixed Cost Total Cost 100 100 30 180 100 280 60 300 100 400 90 480 100 580 120 690 100 790 What is the marginal cost at 120 units of output?

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 18RQ: How do we calculate each of the following: marginal cost, average total cost, and average variable...

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Question

What is the marginal cost at 120 units of output?

Use the cost table below to find the following marginal costs.
Output quantity
Total Variable Cost
Total Fixed Cost
Total Cost
100
100
30
180
100
280
60
300
100
400
90
480
100
580
120
690
100
790
What is the marginal cost at 120 units of output?

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