-The Table Above Gives a Firm's Total Product Schedule

question 459

Multiple Choice

-The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. What is the marginal cost of producing the 90th unit?

• A) $10.00
• B) $24.92
• C) $31.61
• D) $50.00

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