Question: A firms output, variable costs, and total costs are given in Table 12P-4. a. Calculate marginal cost using the formula given in the chapter: change

A firm€™s output, variable costs, and total costs are given in Table 12P-4.

a. Calculate marginal cost using the formula given in the chapter: change in total cost divided by change in quantity.
b. Calculate change in variable cost divided by change in quantity.

Variable cost is Total cost is Quantity V 100 150 180 220 280 360 120 180 260

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