Exhibit 6-10 Short-run cost schedule for book publisher's hourly production Total Total Output Variable Cost 0 cases of

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Exhibit 6 10 Short Run Cost Schedule For Book Publisher S Hourly Production Total Total Output Variable Cost 0 Cases Of 1 (31.49 KiB) Viewed 13 times

Exhibit 6-10 Short-run cost schedule for book publisher's hourly production Total Total Output Variable Cost 0 cases of books 2 3 4 $0 100 150 250 450 Total Cost $200 300 350 450 650 In Exhibit 6-10, the marginal cost of increasing production from 2 to 3 cases of books is: O a. lower than the marginal cost of increasing production from 1 to 2 cases of books, so the marginal cost must be greater than average total cost between 2 and 3 cases. O b. lower than the marginal cost of increasing production from 1 to 2 cases of books, so the average total cost must be rising in between 2 and 3 cases. Oc higher than the marginal cost of increasing production from 1 to 2 cases of books, so the average total cost must be rising in between 2 and 3 cases. O d. higher than the marginal cost of increasing production from 1 to 2 cases of books, so the marginal cost curve must be rising in between 2 and 3 cases.