Table 13-11 Measures of Cost for Very Brady Poster Factory Quantity Variable Total Fixed Costs 10...

Question

Question

Table 13-11 Measures of Cost for Very Brady Poster Factory Quantity Variable Total Fixed Costs 10 f Posters Costs Costs 13 $1

Answer 1

Answer #1

Answer
TC=FC+VC
TC(6)=21+10=31

MC(n)=(TC(n)-TC(p))/(n-p)
MC(n)=marginal cost of n th unit
TC(n)=Total cost of n units of output
TC(p)=Total cost of p unit of output
here, n>p.

MC(6)=(31-25)/(6-5)=6
the MC is $6

Option d

Answer 2

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