The answer should be:
20.875
Hope this helps.
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
I think its the second one but just a fyi the site your on is ready and it looks like your doing the major test, not every answer on it are you suppose to get right its a test to see what you know and what you need to know
400400000
Need to add this to answer
Well since the exponent is 1 then the function given is a linear function so y=5x-45 will be a line with a slope of 5 and a y-intercept at (0,-45)