Question

what is the total cost when producing zero units? total cost: $ what is the marginal cost for the first unit? marginal cost: $ what is the average total cost when producing three units? average total cost: $ what is the average variable cost when producing four units? average variable cost: $

Answer 1

Total cost: $412.00

Marginal cost: $105.00

Average total cost: $103.00

Average variable cost: $50.00

What is marginal cost?

The marginal cost is the cost of producing one more unit of manufacturing. Since marginal cost aids in determining the level of production that is most efficient for a manufacturing process, it is a crucial topic in cost accounting. It is computed by estimating the costs involved in producing just one more unit.

Say, for illustration, that it costs $100 to produce 100 vehicle tires. It would cost $80 to produce one more tire. The cost to produce one extra unit of a good or service is then known as the marginal cost. The marginal cost is determined by the production expenses.

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