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 Mc 031 Example 2014

Court Declaration San Bernardino 2014-2025 Form

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hello there to you in this problem we've got short run total costs we want to know what the marginal cost of producing the additional units the average total cost of producing 100 units and the average total cost of producing 101 units and finally does it make sense to produce that uh 101st unit based on a price so the marginal cost marginal cost marginal means additional so marginal cost is the change that's that's a change there change in total cost divided by the change in quantity so in this case we've got a difference of 150 okay so it's 150 divided by a change in of just one unit okay so it's just one additional unit so marginal cost of producing that additional unit is 150 okay the firm's average total cost of producing that unit okay 100 units so average total cost is the total cost divided by quantity okay so total cost for producing 100 units is 10 000 divided by a hundred because 100 is the quantity so we'll kno

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