Harvey’s Hardware is thinking about starting a line of lawnmowers to serve its c
ID: 1222611 • Letter: H
Question
Harvey’s Hardware is thinking about starting a line of lawnmowers to serve its customer base in the summer. The lawnmowers would be priced at $100 and Harvey the manager believes that they would sell 3 units. They have the following estimated costs. Use this information for questions 55-58
Units Produced
Labor Cost
Total cost
0
0
100
1
50
150
2
100
200
3
200
300
4
350
450
What is the marginal cost of producing the third unit?
$400
$300
$200
$100
Units Produced
Labor Cost
Total cost
0
0
100
1
50
150
2
100
200
3
200
300
4
350
450
Explanation / Answer
Answer :-
$100
d.$100
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