The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a...
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The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a local arts festival. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Tie-Dyed T-Shirt Production Costs Total Cost Marginal Cost Output 0 1 2 3 4 5 6 (dollars) $20 25 28 30 34 39 48 (dollars) LA - b. What is the total cost of producing 5 tie-dyed t-shirts? LA c. What is the marginal cost of producing the 5th tie-dyed t-shirt? LA The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a local arts festival. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Tie-Dyed T-Shirt Production Costs Total Cost Marginal Cost Output 0 1 2 3 4 5 6 (dollars) $20 25 28 30 34 39 48 (dollars) LA - b. What is the total cost of producing 5 tie-dyed t-shirts? LA c. What is the marginal cost of producing the 5th tie-dyed t-shirt? LA
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Answer rating: 100% (QA)
To determine the marginal cost we need to calculate the change in total cost when the output quantity changes by 1 unit The marginal cost is the addit... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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