In order to produce 100 pairs of oven gloves, Marcia incurs an average total cost of $2.50 per pair. Marcia’s marginal cost is constant at $10.00 for every pair of oven gloves produced. The total cost to produce 50 pairs of oven gloves is
A. $250.00
B. $500.00
C. $300.00
D. $200.00
Answer:D
In order to produce 100 pairs of oven gloves, Marcia incurs an average total cost of $2.50 per pair. Marcia’s marginal cost is constant at $10.00 for every pair of oven gloves produced. The total cost to produce 50 pairs of oven gloves is
A. $250.00 B. $500.00 C. $300.00 D. $200.00
Explanation: 58. If the average product for six workers is fifteen and the marginal