a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Output         Total Cost (dollars)      Marginal Cost (dollars) 0                      $15                                   - 1                        18                          $    ________ 2                        20                                _________ 3                        21                                _________ 4                        24                                _________ 5                        29                                _________ 6                        36                                __________   b. Graph the marginal cost curve for producing tie-dyed t-shirts.

Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: The Cost Of Production
Section: Chapter Questions
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The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a local festival.

Instructions: Enter your answers as a whole number.

a. Complete the marginal cost column in the table.

Tie-Dyed T-Shirt Production Costs

Output         Total Cost (dollars)      Marginal Cost (dollars)

0                      $15                                   -

1                        18                          $    ________

2                        20                                _________

3                        21                                _________

4                        24                                _________

5                        29                                _________

6                        36                                __________

 

b. Graph the marginal cost curve for producing tie-dyed t-shirts.

Instructions: Use the tool provided "Marginal Cost" to plot the line point by point (6 points total). Plot from 1 to 6 units of output.  

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