Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of enrollment: Number of Students Enrolled Total Revenue Total Costs 10 $ 3,000 $ 2,100 15 4,500 2,700 16 4,800 2,800 20 6,000 3,200 21 6,300 3,255 The marginal cost when the twenty-first student enrolls in the school is:
Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of enrollment: Number of Students Enrolled Total Revenue Total Costs 10 $ 3,000 $ 2,100 15 4,500 2,700 16 4,800 2,800 20 6,000 3,200 21 6,300 3,255 The marginal cost when the twenty-first student enrolls in the school is:
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 1BCRQ
Related questions
Question
not use ai please
Transcribed Image Text:Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at
different levels of enrollment:
Number of
Students
Enrolled
Total
Revenue
Total
Costs
10
$ 3,000
$ 2,100
15
4,500
2,700
16
4,800
2,800
20
6,000
3,200
21
6,300
3,255
The marginal cost when the twenty-first student enrolls in the school is:
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT