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3 years ago

Calculate the marginal cost of the 70th toy car produced. Round your answer to the nearest hundredth.

Business

1 answer:

VikaD [51]3 years ago

7 0

Answer:

$1.43

Explanation:

A lot of information is missing, but i found a similar question. Hope it can help.

Labor Q Fixed Variable Total Marginal Average

costs costs cost cost total cost

0 0 50 0 50 0 0

1 10 50 30 80 8 8

2 24 50 60 110 2.5 4.58

3 49 50 90 140 1.20 2.86

4 70 50 120 170 1.43 2.43

5 82 50 150 200 2.50 2.44

marginal cost is calculated by dividing the incremental cost ($30) by the incremental output (21) = $30 / 21 = $1.4286 ≈ $1.43

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attashe74 [19]

Answer:

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3 years ago

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3 years ago

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2 years ago

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