The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a...

 

Transcribed Image Text:

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

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