Your construction company has built 50 houses sofar this year at a total cost to the company of $8million. If the company builds a 51st house, its totalcost will increase to $8.18 million. What is themarginal cost of the 51st house?

Total cost is the total expenses incurred by a producer when he produces goods and services in the…

our construction company has built 50 houses so ar this year at a total cost to the company of $8 nillion. If the company builds a 51st house, its tota ost will increase to $8.18 million. What is the narginal cost of the 51st house?

our construction company has built 50 houses so ar this year at a total cost to the company of $8 nillion. If the company builds a 51st house, its tota ost will increase to $8.18 million. What is the narginal cost of the 51st house?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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OFFON

Your construction company has built 50 houses so
far this year at a total cost to the company of $8
million. If the company builds a 51st house, its total
cost will increase to $8.18 million. What is the
marginal cost of the 51st house?

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