Hello. This question is incomplete. The full question is:
A 6-column table titled The cost of and return on pie production has 7 rows. The first column is labeled pies produced per day with entries 0, 1, 2, 3, 4, 5, 6. The second column is labeled total cost with entries 0, 1, 1.50, 1.75, 2.25, 3.50, 5.00. The third column is labeled Marginal cost with entries 0, 1, 0.50, 0.25, 0.50, 1.25, 1.50. The fourth column is labeled total revenue with entries blank, 10, 20, 30, 40, 50, 60. The fifth column is labeled Marginal revenue with entries blank, 10, 10, 10, 10, 10, 10. The sixth column is labeled Profit with entries 0, 9, 18.50, 27.25, 37.75, 46.50, and 55.The chart shows the marginal cost and marginal revenue of producing apple pies.
What most likely will happen if the pie maker continues to make additional pies?
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
The marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit.
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit.
The marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit.
Answer:
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
Explanation:
Marginal cost is an economic term that refers to the additional course that results from an increase in production or in operation, or even in an increase in the time of production and operation of a company. In other words, this term states that if the owner decides to increase the production of apple pies, there will be an increase in energy expenditure, in the workload of employees and in the amount of ingredients that will result in a higher economic expenditure.
According to this description and the data shown in the question above, we can say that the marginal costs of producing apple tarts will continue to increase, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
