Output TFC TVC TC MC ATC A 25 25 --- --- ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 2nd unit of output? Cannot be determined. 30 15 25 O O O C
Output TFC TVC TC MC ATC A 25 25 --- --- ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 2nd unit of output? Cannot be determined. 30 15 25 O O O C
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 32CTQ: How does fixed cost affect marginal cost? Why is this relationship important?
Related questions
Question
![Output
TFC
TVC
TC
MC
ATC
A
25
25
---- --
-------
1
25
25
50
25
50
C
2
25
40
65
32.5
3
25
70
95
E
4
25
110
33.75
F
5
25
160
50
What is the marginal cost of the 2nd unit of output?
Cannot be determined.
15
25
30
O O O O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44ba84ef-fbb4-4f4d-b035-37a11112949f%2F363271ba-a313-4fcd-abfe-61c7cf207223%2F56oc1z_processed.png&w=3840&q=75)
Transcribed Image Text:Output
TFC
TVC
TC
MC
ATC
A
25
25
---- --
-------
1
25
25
50
25
50
C
2
25
40
65
32.5
3
25
70
95
E
4
25
110
33.75
F
5
25
160
50
What is the marginal cost of the 2nd unit of output?
Cannot be determined.
15
25
30
O O O O
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