Table 13-10
Consider the following table of long-run total cost for four different firms

-Refer to Table 13-10.Which firm's long-run marginal cost decreases as output increases?

Question

Table 13-10
Consider the following table of long-run total cost for four different firms
 
-Refer to Table 13-10.Which firm's long-run marginal cost decreases as output increases?

Quizplus · Accepted Answer

Firm 2's long-run total cost column shows a decreasing marginal cost as output increases (for example, the difference between 6 and 7 units of output is $1, while the difference between 14 and 15 units of output is only $0.50).

Table 13-10 Consider the Following Table of Long-Run Total Cost for Four