The 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 $20 — 1 24 $ 2 27 3 29 4 33 5 39 6 47 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? $
The 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 $20 — 1 24 $ 2 27 3 29 4 33 5 39 6 47 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
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The 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 | $20 | — |
1 | 24 | $ |
2 | 27 | |
3 | 29 | |
4 | 33 | |
5 | 39 | |
6 | 47 |
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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