Question: QUESTION 1 5 ( 4 Marks ) Imagine a small juice producer named Bilberry Infused Beverages known for its refreshing beverages. The owner, Louis,
QUESTION
Marks
Imagine a small juice producer named "Bilberry Infused Beverages known for its refreshing beverages. The owner, Louis, keeps track of the production costs. Recently he decided to expand his operations and produce more Juices to meet the increasing demand. Table below shows the data he has collected: Complete Table below and use the information to answer the question that follows.
Table : Production Costs for Bilberry Infused Beverages
tableOutputTotal cost,Fixed cost,tableVariablecosttableMarginalcosttableAveragecosttableAveragefixed cost
What is the marginal cost of producing the th unit of the good?
a
b
c
d
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