Question: Assistance with this problem please. What is the formula for calculating Marginal cost? Continue with the table and complete the calculation for Marginal Cost: Bags/

Assistance with this problem please. What is the formula for calculating Marginal cost?

Continue with the table and complete the calculation for Marginal Cost: Bags/ Participants 0 100 200 300 400 Fixed Cost 1700 1700 1700 1700 1700 Variable Cost 0 500 1200 2700 5200 Total Cost 1700 2200 2900 4400 6900 Average Variable Cost a b d Marginal Cost 3a 3b 3c 3d Total Revenue wt Price $20 0 2000 4000 6000 8000 Marginal Revenue 20 8 20 20 Total Profit -1700 -200 1100 1600 1100

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