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quickonomics.com
How to Calculate Marginal Cost - Quickonomics
Marginal cost is defined as the cost incurred by producing one more unit of a product or service. This is an important concept in economic theory because it is one of the foundations of profit maximization. We can calculate marginal cost by following three simple steps: (1) calculate change in costs...
Oct 13, 2020
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(a) A firm's marginal cost function is MC=2 Find an expression for the total cost function if the fixed costs are 500 . Hence find the total cost of producing 40 goods. (b) The marginal revenue function of a monopolistic producer is MR=100-6 Q Find the total revenue function and deduce the corresponding demand equation. (c) Find an expression for the savings function if the marginal propensity to save is given by MPS=0.4-0.1 Y^-1 / 2 and savings are zero when income is 100 . | Numerade
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a companys marginal cost function is mcx given below where x is the number of units find the total cost of the first hundred units x 0 to x 100 round your answer to the nearest cent mcx 7e00 94018
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