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

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4 Marks Table 21 1 Shows A Firm S Cost Structure The Firm Produces A Product Which It Sells In A Perfectly Competitiv 1 (22.82 KiB) Viewed 14 times

(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 QUESTION 21 Units produced (Q) Total fixed cost Total variable cost Total cost (R) (R) (R) 0 2 3 5 6 A. R86 B. R172 C. R102 D. R120 100 564 48 216 Average cost (R) Marginal cost (R) 88 32 104