if 4 units of the labour produces 70 units of x and 5 units of labours produces 75 units of x calculate average cost amd marginal cost
Answers
Answered by
5
average cost = 75/5 = 15
marginal = 75-70 = 5
youngmonk:
can u tell me the formula to calculate this?
average cost = total product/ no. of unit
marginal cost = change in total products i.e 5 / change in no. of unit i.e 1
Similar questions