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amid [387]
3 years ago
14

For​ example, if the total cost of producing three units of output is ​$2,498 and the total cost of producing four units of outp

ut is ​$3,087​, then the marginal cost of the fourth unit is
Business
1 answer:
topjm [15]3 years ago
3 0

Answer:The marginal cost of fourth unit is $589

Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;

Marginal cost=Total cost at 4 units - total cost at (4-1) units

 =total cost of  the  4 units - total cost of the  three units

              =3,087 -2,498

             =$589

Also using the formulae;

Marginal cost = Change in cost / change in quantity

= 3,087 -2,498/4-3 =589/1= $589

The marginal cost of fourth unit is $589

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2 years ago
Give one word for the following.
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4 0
2 years ago
Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc
ziro4ka [17]

Answer:

Total= 45,684 feet

Explanation:

Giving the following information:

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6 0
4 years ago
At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
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5 0
3 years ago
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