The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $[f). Based on the information in the table below, what is the Marginal Cost when Q=300? Enter a number only, drop the $ sign. Wage rate $100 per unit of Labour Quantity Quantity of of Labour Output 8 24 13 181 26 300 51 357

The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $[f). Based on the information in the table below, what is the Marginal Cost when Q=300? Enter a number only, drop the $ sign. Wage rate $100 per unit of Labour Quantity Quantity of of Labour Output 8 24 13 181 26 300 51 357

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 3.7P

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