Total Marginal Cost (using total cost) Quantity Variable Marginal Cost Cost Cost (using variable cost) $300 $0 1 350 50 $50 $50 390 90 $40 $40 3 420 120 4 450 150 5 490 190 540 240
Total Marginal Cost (using total cost) Quantity Variable Marginal Cost Cost Cost (using variable cost) $300 $0 1 350 50 $50 $50 390 90 $40 $40 3 420 120 4 450 150 5 490 190 540 240
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 19AA
Related questions
Question
![Marginal Cost
(using total cost)
Quantity
Total
Variable
Marginal Cost
Cost
Cost
(using variable cost)
$300
$0
---
---
1
350
50
$50
$50
2
390
90
$40
$40
420
120
4
450
150
490
190
540
240](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6ea49f2-aec0-47e4-ae21-0e0a47907cd1%2Fa25b0565-ba77-489d-b6e7-f61b81871394%2F65obsw_processed.png&w=3840&q=75)
Transcribed Image Text:Marginal Cost
(using total cost)
Quantity
Total
Variable
Marginal Cost
Cost
Cost
(using variable cost)
$300
$0
---
---
1
350
50
$50
$50
2
390
90
$40
$40
420
120
4
450
150
490
190
540
240
![Complete the table (above) in which you calculate the marginal cost per dozen pizzas using
the information on total cost. Also, calculate the marginal cost per dozen pizzas using the
information on variable cost. I completed the first two rows. What is the relationship
between these sets of numbers? Explain?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6ea49f2-aec0-47e4-ae21-0e0a47907cd1%2Fa25b0565-ba77-489d-b6e7-f61b81871394%2F394v5ab_processed.png&w=3840&q=75)
Transcribed Image Text:Complete the table (above) in which you calculate the marginal cost per dozen pizzas using
the information on total cost. Also, calculate the marginal cost per dozen pizzas using the
information on variable cost. I completed the first two rows. What is the relationship
between these sets of numbers? Explain?
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