Compute the marginal cost in the given case

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Reference no: EM1326802

Calculating the marginal cost in the given case

The amount of capital is 17.

The TP function is

Q=TP=4.44L+3.44L^2-0.294L^3

The capital cost is $151 per unit.

The wage rate is $105 per unit.

What is the marginal cost with 8 worker(s) (to two decimal places).

Reference no: EM1326802

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