Web Analytics
Answered

Based on this chart, what is the marginal cost, in dollars, to produce two jackets?

A5

b.15

c.18

D33

I had fallen asleep in economics and I need help with the question being asked. The answer and explanation would be great! Thank you!

Based on this chart, what is the marginal cost, in dollars, to produce two jackets? a. 5 b.15 c.18 d. 33 I had fallen asleep in economics and I need help with t class=

Verified Answer :

The marginal cost for two jackets is B. 15

PBCHEM

ANSWER: b.15

EXPLANATION: The marginal cost to produce two jackets is $15. The definition of Marginal Cost is the additional cost that is involved to produce one additional unit of product or service. In this table, the cost of producing the first jacket was $18 and the total cost of producing two jackets is $33. So, subtracting the total cost from the cost of producing the first jacket we get, $33 - $18 = $15, which is the marginal cost.

Related Questions