QUESTION 21 (4 Marks) Table 21.1 shows a firm's cost structure. The firm produces a product which it sells in a perfectl

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Question 21 4 Marks Table 21 1 Shows A Firm S Cost Structure The Firm Produces A Product Which It Sells In A Perfectl 1 (30.93 KiB) Viewed 11 times

QUESTION 21 (4 Marks) Table 21.1 shows a firm's cost structure. The firm produces a product which it sells in a perfectly competitive market for R120 per unit. Calculate the marginal cost of the sixth (6) unit Table 21.1 Cost structure Units produced (Q) Total fixed cost Total variable cost Total cost (R) (R) (R) 0 1 2 3 4 5 6 A. R86 B. R172 C. R102 D. R120 100 564 48 216 Average cost (R) Marginal cost (R) 88 32 104