Question: Why is $11 the right answer? Please tell me why and how $11 is right and $1 is wrong. You have produced 5 widgets and

Why is $11 the right answer? Please tell me why and

Why is $11 the right answer? Please tell me why and how $11 is right and $1 is wrong.

how $11 is right and $1 is wrong. You have produced 5

You have produced 5 widgets and your average cost is $5. If you produce a 6th your average cost will rise to $6. What is the lowest price that would cover the additional cost of producing the 6th widget? o $6. Er: | $11 $36

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