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-The Table Above Gives a Firm's Total Product Schedule

Question 128

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  -The table above gives a firm's total product schedule. Suppose labour is the only variable factor of production. The price of labour is $500 per worker per week and total fixed costs are $600 per week. What is the marginal cost when production increases from 85 to 95 units per week? A)  $50.00 B)  $31.61 C)  $24.92 D)  $10.00
-The table above gives a firm's total product schedule. Suppose labour is the only variable factor of production. The price of labour is $500 per worker per week and total fixed costs are $600 per week. What is the marginal cost when production increases from 85 to 95 units per week?


A) $50.00
B) $31.61
C) $24.92
D) $10.00

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