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Cengage xy MindTaP-Cengage Leer Economics question ! Cr × x C |Not secure lng.ce

ID: 1113775 • Letter: C

Question

Cengage xy MindTaP-Cengage Leer Economics question ! Cr × x C |Not secure lng.cengage.com/static/nb/ui/index.html?nbId=638315&nbNodeld;:23561 9273&eISBN;:9781 3370965774|&parentld;:2356195 5% MIND TAP Additional Problems& Applications (Ch 13) Open link in new tab Open link in new window Open link in incognito window Save link as... Copy link address Due on Tomerow a 1159 PM EST 420 140 190 250 530 Ctrl-Shift+ The pizzarafixed co S Compiete the third column of the fowowing teble by cecuieting the merginel cost per dozen pizzes using the informetion on totel cost. Then complete the final column by caicuating the marginal cost per dozon pizz using the informacion on vanable cos:. Total Cost Marginal Cost Using Total Cost Variable Cost Marginal Cost Using Variable Cost Dozens of pizzas Dollars Dollars Dollars 350 70 100 >190 380 140 330 True or Felse: It doesn't metter whether you compute merginsl cost using totel cost or varisble cost. True O False rade It Now Contnue wichout saing O Type here to search 9:21 PM ) 11/25/2017

Explanation / Answer

Fixed cost = Total cost when Q = 0

Fixed cost = $280

MC (nth unit) = TC (n units) - TC ((n-1) units)

MC (nth unit) = VC (n units) - VC ((n-1) units)

The statement is true.

Q TC ($) MC using TC($) VC ($) MC using VC ($) 0 280 0 1 320 40 40 40 2 350 30 70 30 3 380 30 100 30 4 420 40 140 40 5 470 50 190 50 6 530 60 250 60
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