Calculating the marginal cost in the given case, Business Economics

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Calculating the marginal cost in the given case

The amount of capital is 17.

The TP function is
Q=TP=4.44L+3.44L^2-0.294L^3

The capital cost is $151 per unit.
The wage rate is $105 per unit.

What is the marginal cost with 8 worker(s) (to two decimal places)?

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Business Economics: Calculating the marginal cost in the given case

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Business Economics: Calculating the marginal cost in the given case

Reference No:- TGS023864

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : How leadership practices differ in country

Q : Calculate net domestic product

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Q : How strategic controls differ from financial control

Q : Calculating the marginal cost in the given case

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Request for Solution File

Ask an Expert for Answer!!

Business Economics: Calculating the marginal cost in the given case

Reference No:- TGS023864

Recent Questions Asked Business Economics

Q : How leadership practices differ in country

Q : Calculate net domestic product

Q : Concepts of the time value of money

Q : How strategic controls differ from financial control

Q : Calculating the marginal cost in the given case

Q : Enhancing the internal controls

Q : Discuss two concepts of groupthink and focalism

Q : Accounting vs economic costs

Q : Explain investor relations

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