What is the marginal cost of training for firm

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Reference no: EM131094666

1) Two suppliers have been contracted by a government agency to provide a total of 250 hours of training services to help agency employees learn how to use a new computer system. The marginal cost curve of firm 1 is MC1=15+.4Q1, while the marginal cost curve for Firm 2 is MC2=30+.6Q2. There are no fixed costs. Firm 1 provides 175 hours of training services each week, while firm 2 provides 75 hours of training services.

What is the marginal cost of training for firm 1 at 175 hours of training?

What is the marginal cost of training for firm 2 at 75 hours of training?

What is the total cost to firm 1 of providing 175 hours of training?

What is the total cost to firm 2 of providing 75 hours of training?

Reference no: EM131094666

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