Answered: 2. A firm produces 200 units and total…

2. A firm produces 200 units and total cost of production is $4000. When they increase output to 220, the cost rises to $4 200. What is the average cost of producing 220 units?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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2. A firm produces 200 units and total cost of production is $4000. When they increase
output to 220, the cost rises to $4 200. What is the average cost of producing 220
units?

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