No. of cakes you bake(Q) | TC($) | MC($)=∆TC/∆Q |
0 | 0 | |
1 | 10 | 10 |
2 | 22 | 12 |
3 | 36 | 14 |
4 | 52 | 16 |
5 | 70 | 18 |
6 | 90 | 20 |
7 | 112 | 22 |
8 | 136 | 24 |
9 | 162 | 26 |
10 | 190 | 28 |
The MC of baking 6th cake is $20 and the MC of baking 7th cake is $22. Since the MC of baking 7th cake is greater than purchasing cost,i.e., $21, therefore, you should bake only 6 cakes and purchase 4 cakes.
a) Bake 6 cakes and purchase 4 cakes.
b) Total cost = $90 + ($21 * 4) = $174
c) Ans: $190 [Given in the table]
d) Total cost of purchasing 10 cakes = $21 * 10 = $210
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