The total cost to build 8 tract houses is $1,000,000. Total cost to build 9 tract houses $1,050,000. What is the Margin cost of the 9th tract house?
What will be an ideal response?
50,000
MC: ?TC/ ?Q
MC: (1,050,000 - 1,000,000) / (9 - 8) = 50,000
Economics
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What will be an ideal response?
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