1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
romanna [79]
2 years ago
14

A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are

$3,500. When it produces 101 units of output, its total costs are $3,750. What is the marginal cost of producing the 101st unit of output? a. $250 b. $275 c. $340.91 d. $350
Mathematics
1 answer:
HACTEHA [7]2 years ago
7 0

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 = \frac{\textup{Total change in cost of producing more goods}}{\textup{Total change in produced goods}}

thus,

Marginal cost = \frac{\textup{Total cost of 101 units - Total cost of 100 units}}{\textup{101-100}}

or

Marginal cost = \frac{\textup{3,750-3,500}}{\textup{1}}

or

Marginal cost = $250

Hence,

The correct answer is option (a) $250

You might be interested in
Annie earns $7.50 per hour working after school. She needs at least $185 for a stereo system. Write an inequality that describes
VMariaS [17]
185 < 7.50 (x)

x = hours
4 0
3 years ago
Read 2 more answers
Solution for 5y+2y = -24
Sindrei [870]
7y=-24
y= -24/7
 You have to add the two vaiables and then divide to get the y by itself.
8 0
3 years ago
Read 2 more answers
I just need the (volume) to this shape<br> Help please !!
maks197457 [2]
The answer is 14. Hope this helped
7 0
2 years ago
Need some help on vertical adjacent complementary angles (algebraic)
dusya [7]

Step-by-step explanation:

(2c + 8) + (6c - 6) = 90 \\ 8c + 2 = 90 \\ 8c = 88 \\ c =  \frac{88}{8}  = 11

6 0
2 years ago
Read 2 more answers
What percent of 153.5 is 33?
Dvinal [7]

Answer:

21.5%

Step-by-step explanation:

Percent = Part/Whole * 100:

\frac{33}{153.5}*100\approx21.5%

4 0
1 year ago
Other questions:
  • Quadrilateral ABCD is inscribed in this circle. What is the measure of angle C?
    11·1 answer
  • Samantha parents bought her a new bed they paid 136 each month for 9 months how much did the bed cost
    6·1 answer
  • If a phone card is used to make a long distance phone call, you are charged $0.50 per call plus an additional $0.31 per minute.
    14·1 answer
  • Keith left his house, rode his bike 3 miles along one road, took a 90 degree turn and rode 3 miles to the local swimming pool. I
    9·2 answers
  • Find the area of a trapezoid based on the information given below. H=4√2 b1=5√2 b2=3√2
    5·1 answer
  • Show all work and provide necessary descriptions
    9·1 answer
  • A bread recipe calls for 1/3 cup of butter. You want to make 1/2of a batch.
    8·2 answers
  • What is the least common multiple of 6 and 8?<br>​
    11·1 answer
  • ANSWER ASAP/GIVING HIGH RATING DUE SOON,PLS JUST ANSWER I HAVE AKOT OF WORK DUE IN 10 MINS​
    9·1 answer
  • How many times does 50 go into 2490
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!