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Calculating the marginal cost in the given case

The amount of capital is 17.

The TP function is
Q=TP=4.44L+3.44L^2-0.294L^3

The capital cost is $151 per unit.
The wage rate is $105 per unit.

What is the marginal cost with 8 worker(s) (to two decimal places)?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M923864

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