What is marginal cost when Q=3? What is marginal cost when Q=4? Q Total Cost Tot
ID: 1213176 • Letter: W
Question
What is marginal cost when Q=3?
What is marginal cost when Q=4?
Q
Total Cost
Total Fixed Cost
Total Variable Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
Marginal Cost
0
40
40
0
1
80
40
40
40
40
80
40
2
110
40
70
20
35
55
30
3
130
40
90
13.33
30
43.33
20
4
156
40
116
10
29
39
26
Q
Total Cost
Total Fixed Cost
Total Variable Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
Marginal Cost
0
40
40
0
1
80
40
40
40
40
80
40
2
110
40
70
20
35
55
30
3
130
40
90
13.33
30
43.33
20
4
156
40
116
10
29
39
26
Explanation / Answer
What is marginal cost when Q=3 = (total cost of three units - total costs of two units)/(3-2)= (130-110)/(3-2)=20
What is marginal cost when Q=4 = (total cost of four units - total costs of three units)/(4-3)= (156-130)/(4-3)=26
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