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21 Oct 2020
Refer to the cost and revenue schedule below. What is the marginal cost of increasing production to 3 units from 2 units of good?
Units of good
Cost ($)
Revenue
1
10
15
2
15
30
3
20
45
Refer to the cost and revenue schedule below. What is the marginal cost of increasing production to 3 units from 2 units of good?
Units of good |
Cost ($) |
Revenue |
1 |
10 |
15 |
2 |
15 |
30 |
3 |
20 |
45 |
Kristelle BalandoLv10
21 Oct 2020