Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 9MC
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Find marginal cost of the firm given:-

Marginal profit = $800

Marginal revenue = $1200

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