There are 8 movies that you would like to see currently showing in theatres. In how many different ways can you choose a movie t
1 answer:
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Answer:
option (a) $250
Step-by-step explanation:
Data provided in the question:
Fixed cost = $500
For 100 units produced Total cost = $3,500
For 101 units produced, Total cost = $3,750
Now,
Marginal cost is calculated as:
Marginal cost =
thus,
Marginal cost =
or
Marginal cost =
or
Marginal cost = $250
Hence,
The correct answer is option (a) $250