The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $1f]. 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 7 69 14 143 33 300 50 376
The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is $1f]. 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 7 69 14 143 33 300 50 376
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.7P
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![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
7
69
14
143
33
300
50
376](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bbf8f2c-62ea-4898-84dd-f057ec085c70%2F1dd3adda-3a01-400d-8f46-4c447b7bdcb0%2Fowj06rl_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
7
69
14
143
33
300
50
376
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