5. The following information relates to the cost of output of a product. Total Cost (S) 10 000 10 500 Output Level 100 101 What is the marginal cost? 6. A firm produces 29 pairs of high quality...

5. The following information relates to the cost of output of a product.<br>Total Cost (S)<br>10 000<br>10 500<br>Output Level<br>100<br>101<br>What is the marginal cost?<br>6. A firm produces 29 pairs of high quality leather shoes at a fixed cost of $20 000 and a<br>variable cost of $9 000. On producing the 30* pair, the new total cost rises to $30 000.<br>What is the marginal cost of the 30

Extracted text: 5. The following information relates to the cost of output of a product. Total Cost (S) 10 000 10 500 Output Level 100 101 What is the marginal cost? 6. A firm produces 29 pairs of high quality leather shoes at a fixed cost of $20 000 and a variable cost of $9 000. On producing the 30* pair, the new total cost rises to $30 000. What is the marginal cost of the 30" pair?

Jun 08, 2022

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5. The following information relates to the cost of output of a product. Total Cost (S) 10 000 10 500 Output Level 100 101 What is the marginal cost? 6. A firm produces 29 pairs of high quality...

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