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Author Question: Consider the following production and cost schedule for a firm. The first column shows the number of ... (Read 49 times)

awgagawg

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on: Oct 12, 2022
Consider the following production and cost schedule for a firm. The first column shows the number of units of a variable factor of production employed by the firm.

Total Number of Units of the FactorTotal Number of Units of OutputPrice per Unit
of Output		Total Cost
of Production
212$10$50
320 $9$55
426 $8$60
530 $7$65
632 $6$70
732 $5$75

TABLE 13-3

Refer to Table 13-3. The increase in total revenue generated by hiring the 5th unit of the factor of production is
◦ $7.50.
◦ -$11.00.
◦ $2.00.
◦ -$2.00.
◦ $11.00.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by awgagawg on Oct 12, 2022

breounasmoot

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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awgagawg

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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