The table below shows Crystal’s total cost of producing different quantities of tie-dyed t-shirts for a local arts 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 $20 — 1 26 $ 2 29   3 30   4 33   5 39   6 48   b. What is the total cost of producing 5 tie-dyed t-shirts?         $     c. What is the marginal cost of producing the 5th tie-dyed t-shirt?

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: 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 arts 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 $20
1 26 $
2 29  
3 30  
4 33  
5 39  
6 48  

b. What is the total cost of producing 5 tie-dyed t-shirts? 

 

     $  

 

c. What is the marginal cost of producing the 5th tie-dyed t-shirt?

 

     $  

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