Number of Students Enrolled Total Revenue Total Costs 10 $ 3,000 $ 2,300 15 4,250 2,950...
| Number of Students Enrolled | Total Revenue | Total Costs | ||||||
| 10 | $ | 3,000 | $ | 2,300 | ||||
| 15 | 4,250 | 2,950 | ||||||
| 16 | 4,500 | 3,150 | ||||||
| 20 | 5,500 | 3,750 | ||||||
| 21 | 5,750 | 3,830 | ||||||
The marginal cost when the twenty-first student enrolls in the school is
Homework Answers
Answer:$80
Explanation: Total cost is given by $3750 when there were 20 students. The total cost of 21 students is given by $3830.
So the marginal cost when the twenty first student enrolls in the school is 3830-3750=80
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Number of
Students Enrolled
Total Revenue
Total Costs
10
$
3,000
$
2,300
15
4,250
2,950...
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