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jason23 jason23
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A year ago
Consider the following production and cost schedule for a firm. The first column shows the number of units of a variable factor of production employed by the firm.

Total Number of Units of the FactorTotal Number of Units of OutputPrice per Unit
of Output		Total Cost
of Production
212$10$50
320 $9$55
426 $8$60
530 $7$65
632 $6$70
732 $5$75

TABLE 13-3

Refer to Table 13-3. The increase in total revenue generated by hiring the 5th unit of the factor of production is

▸ $7.50.

▸ -$11.00.

▸ $2.00.

▸ -$2.00.

▸ $11.00.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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twogat123twogat123
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A year ago
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jason23 Author
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A year ago
Smart ... Thanks!
Turboturner
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Yesterday
Thank you, thank you, thank you!
jamiebonf99
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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