lectur10-page20 - This extra widget should NOT be produced...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
20 Answer: The firm's marginal cost is $1,500 ($51,500 - $50,000) / 1 This is the change in total cost from producing one additional widget.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: This extra widget should NOT be produced because it does not add to profit:...
View Full Document

This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

Ask a homework question - tutors are online