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    Exam 11: Output and Costs
  5. Question
    -The Table Above Gives a Firm's Total Product Schedule
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-The Table Above Gives a Firm's Total Product Schedule

Question 459

Question 459

Multiple Choice

  -The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. What is the marginal cost of producing the 90th unit? A)  $10.00 B)  $24.92 C)  $31.61 D)  $50.00
-The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. What is the marginal cost of producing the 90th unit?


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

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