A firms output variable costs and total costs are given in


A firm's output, variable costs, and total costs are given in the table below.

Instructions: Round your answers to the nearest dollar.

a. Calculate marginal cost using the formula given in the chapter: Δ total cost / Δ quantity.

Quantity

Variable cost ($)

Total cost ($)

Marginal cost ($)

  0

    0

100

-

10

  50

150


20

  80

180


30

120

220


40

180

280


50

260

360


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Macroeconomics: A firms output variable costs and total costs are given in
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