he table below shows Crystal’s total cost of producing different quantities of tie-dyed t-shirts for a local arts festival. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Output Total Cost (dollars) Marginal Cost (dollars) 0 $25 — 1 29 $ 2 32 3 34 4 38 5 44 6 52 b. What is the total cost of producing 5 tie-dyed t-shirts? $ c. What is the marginal cost of producing the 5th tie-dyed t-shirt? $
he table below shows Crystal’s total cost of producing different quantities of tie-dyed t-shirts for a local arts festival. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Output Total Cost (dollars) Marginal Cost (dollars) 0 $25 — 1 29 $ 2 32 3 34 4 38 5 44 6 52 b. What is the total cost of producing 5 tie-dyed t-shirts? $ c. What is the marginal cost of producing the 5th tie-dyed t-shirt? $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
he table below shows Crystal’s total cost of producing different quantities of tie-dyed t-shirts for a local arts festival.
Instructions: Enter your answers as a whole number.
a. Complete the marginal cost column in the table.
Tie-Dyed T-Shirt Production Costs
Output | Total Cost (dollars) | Marginal Cost (dollars) |
0 | $25 | — |
1 | 29 | $ |
2 | 32 | |
3 | 34 | |
4 | 38 | |
5 | 44 | |
6 | 52 |
b. What is the total cost of producing 5 tie-dyed t-shirts?
$
c. What is the marginal cost of producing the 5th tie-dyed t-shirt?
$
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