# Question: Write down a formula for the marginal cost of production

Write down a formula for the marginal cost of production when x liters of orange juice are produced. Simplify your formula algebraically.

In the following exercises suppose that x liters of orange juice can be produced for a total cost of $x2.

In the following exercises suppose that x liters of orange juice can be produced for a total cost of $x2.

**View Solution:**## Answer to relevant Questions

Suppose that an excise tax of 50¢ apiece is imposed on oranges. If the original supply and demand curves are as in Exercise, Suppose the demand curve for oranges is given by the equationQ = −200 • P + 1,000With quantity ...A socially conscious student has decided to reduce his meat consumption by one pound per week. True or False: That way, there will be one more pound of meat each week for somebody else to eat.Suppose that Pat and Sandy's restaurant has just installed fancy new decor costing $10,000. Suppose also that in a distant solar system, there is a planet identical to earth in every way except that at this planet's Pat and ...True or False: When price equals marginal cost, profit equals zero.The firms that sell personal computers have never banded together to form a cartel. True or False: We may infer from this that at least one firm would fail to benefit from a successful cartel.Post your question