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What is the marginal cost

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Reference no: EM131372895

Suppose that a firm is currently employing 20 workers, the only variable input, at a ... The average product of labor is 30, the last worker added 12 units to total output, and total fixed is $3,600.

a. What is the marginal cost?

b. What is average variable cost?

c. How much output is being produced?

d. What is the average total cost?

e. Is average variable cost increasing, constant, or decreasing? What about average total cost?

Reference no: EM131372895

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