Quantity Total Cost Marginal Cost Using Total Cost (Dollars) Variable Cost Marginal Cost Using Variable Cost (Dollars) (Dozens of pizzas) (Dollars) (Dollars) 280 1 320 40 2 350 70 3 380 100 4 420 140 5 470 190 6 530 250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. True O False
Quantity Total Cost Marginal Cost Using Total Cost (Dollars) Variable Cost Marginal Cost Using Variable Cost (Dollars) (Dozens of pizzas) (Dollars) (Dollars) 280 1 320 40 2 350 70 3 380 100 4 420 140 5 470 190 6 530 250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. True O False
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 4.2IP
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I figured out the fixed variable cost, however I can't understand how to do the bottom part.
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