Number of Cakes VC MC AVC FC TC ATC 50 1 30 2 50 25 4 155 Table 8.3 Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces three cakes, Candy's marginal costs are: A. SO B. $25 C. $41.67 D. $75

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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u

Number of
Cakes
VC
MC
AVC
FC
TC
ATC
50
1
30
2
50
3
25
4
155
Table 8.3
Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces three cakes, Candy's marginal costs
are:
A. $O
B. $25
C. $41.67
D. $75
Transcribed Image Text:Number of Cakes VC MC AVC FC TC ATC 50 1 30 2 50 3 25 4 155 Table 8.3 Table 8.3 presents the cost schedule for Candy's Cakes. If Candy produces three cakes, Candy's marginal costs are: A. $O B. $25 C. $41.67 D. $75
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