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 (229.4 KiB) Viewed 13 times
Question 21 4 Marks Table 21 1 Shows A Firm S Cost Structure The Firm Produces A Product Which It Sells In A Perfectl 2 (379.1 KiB) Viewed 13 times
Question 21 4 Marks Table 21 1 Shows A Firm S Cost Structure The Firm Produces A Product Which It Sells In A Perfectl 3 (294.31 KiB) Viewed 13 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
0 1 Units produced (Q) Total fixed cost Total variable cost Total cost (R) (R) (R) 2 3 4 5 A. R86 100 564 48 216 Average cost (R) Marginal cost (R) 88 32 104
A. R86 B. R172 C. R102 D. R120
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