The table below shows cost data for WipeOutSki Company which manufactures skis for beginners. If thecompany's fixed costs are $30, what is the marginal cost of five units of output?VariableCostFixedCostTotalCostAverage VariableCostAverage TotalCostMarginalCostQuantity$301$10$30$25$30$45$30$70$30$100$30B.$135$30O $45.00O S30.00O S25.002)3.4)69

Answer: The following formulas have been used: Total cost=Fixed cost+Variable costAverage variable…

The table below shows cost data for WipeOutSki Company, which manufactures skis for beginners. If the company's fixed costs are $30, what is the marginal cost of five units of output? Average Variable Cost Average Total Cost Variable Quantity Fixed Cost Total Cost Marginal Cost Cost $30 1 $10 $30 2. $25 $30 $45 $30 $70 $30 $100 $30 B $135 $30 O $45.00 O 30.00 O S25.00 3. 4.

The table below shows cost data for WipeOutSki Company, which manufactures skis for beginners. If the company's fixed costs are $30, what is the marginal cost of five units of output? Average Variable Cost Average Total Cost Variable Quantity Fixed Cost Total Cost Marginal Cost Cost $30 1 $10 $30 2. $25 $30 $45 $30 $70 $30 $100 $30 B $135 $30 O $45.00 O 30.00 O S25.00 3. 4.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...

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