Author Question: Consider the following total cost schedule for a perfectly competitive firm producing ball-point ... (Read 45 times)

sh03641 · **on:** Oct 12, 2022

Question 1

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output per period	TVC ($)	TFC ($)
0	0	5
10	2	5
20	3	5
30	6	5
40	10	5
50	15	5

TABLE 9-2

Refer to Table 9-2. As this firm increases output from 40 units to 50 units per period, its marginal cost rises to
◦ $0.40.
◦ $0.17.
◦ $0.375.
◦ $0.10.
◦ $0.50.

Question 2

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

Output per period	TVC ($)	TFC ($)
0	0	5
10	2	5
20	3	5
30	6	5
40	10	5
50	15	5

TABLE 9-2

Refer to Table 9-2. What is the marginal cost of producing the 35th unit of output?
◦ $0.17
◦ $0.375
◦ $0.50
◦ $0.10
◦ $0.40

zubair1583 · **Reply #1 on:** Oct 12, 2022

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