Homework Answers
Answer
Option d) is correct. Total cost to produce 100 cookies is $25.
Reason:
The average totl cost to produce 100 cookies is given to be $0.25 per cookie.
Thus, Total Cost to produce 100 cookies = Average Total Cost* Number of cookies produced
= $0.25 * 100
= $25
Please note that marginal cost has no role here to play since we can find the total cost from average total cost itself.
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