Tom's landscaping service has only one variable input which is labor.Tom's landscaping service labor costs are $300 a day and Tom's landscaping service does 9 yards per day.To do 10 yards per day,Tom's landscaping service labor costs increase to $325 a day.The marginal cost of doing that 10th yard is:
A) $25.
B) $32.5.
C) $45.
D) indeterminate from the information given.
Correct Answer:
Verified
Q22: As output increases, average fixed costs
A) decrease.
B)
Q62: Q65: Q68: If Mayo Lawyer Firm's total costs are Q70: Q71: A firm will begin to experience diminishing Q71: At Fresh Hot Bakery,the average cost of Q74: Marginal costs typically Q75: Marginal cost is equal to Q76: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) increase as output increases.
B)
A) variable cost
