A Find the Marginal Cost for Q=110 When the Fixed

question 3

Short Answer

A. Find the marginal cost for q=110 when the fixed costs in dollars are 2,000, the variable costs are 100 per item, and each sells for $400.
B. Find the marginal revenue under the same conditions.

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Definitions:

Lease

A contractual arrangement in which one party agrees to rent property owned by another party for a specified period of time in exchange for payment.

Eminent Domain

The right of a government to expropriate private property for public use, with compensation provided to the owner.

Bequeath

To leave personal property to someone through a will.

Fair Compensation

Fair Compensation is equitable financial remuneration given to an employee for their services or to a party as reparation for loss, damage, or injury.