Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the marginal cost per unit of production when the firm produces 100 lanterns? O A. $32 O B. $8.1 OC. $11.1 O D. $320
Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the marginal cost per unit of production when the firm produces 100 lanterns? O A. $32 O B. $8.1 OC. $11.1 O D. $320
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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fast please 21.
![Refer to the table to the right which shows cost
data for Lotus Lanterns, a producer of whimsical
night lights.
What is the marginal cost per unit of production
when the firm produces 100 lanterns?
O A. $32
B. $8.1
O C. $11.1
O D. $320
Quantity
of
Variable Total
Cost
Fixed
Cost Average Total
lanterns Cost (Dollars) (Dollars) (Dollars) Cost (Dollars)
170
370
230
430
810
1264
1480
75
80
90
100
115
117
120
200
200
200
200
200
200
200
1464
4.93
5.36
7.67
11.8
12.5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa72e8965-bd79-4464-a740-a72095a0be2c%2F6c1f1658-ccc0-47cb-bdb1-172fc8222824%2Fhxdvh5_processed.png&w=3840&q=75)
Transcribed Image Text:Refer to the table to the right which shows cost
data for Lotus Lanterns, a producer of whimsical
night lights.
What is the marginal cost per unit of production
when the firm produces 100 lanterns?
O A. $32
B. $8.1
O C. $11.1
O D. $320
Quantity
of
Variable Total
Cost
Fixed
Cost Average Total
lanterns Cost (Dollars) (Dollars) (Dollars) Cost (Dollars)
170
370
230
430
810
1264
1480
75
80
90
100
115
117
120
200
200
200
200
200
200
200
1464
4.93
5.36
7.67
11.8
12.5
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