Calculate the marginal cost of the seventh toy car produced

Reference no: EM133623941

Problem: Costs for producing toy cars are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost 0 0 $50 $0 $50 1 10 $50 $30 $80 2 24 $50 $60 $110 3 49 $50 $90 $140 4 70 $50 $120 $170 5 82 $50 $150 $200. Calculate the marginal cost of the 70th toy car produced.

Reference no: EM133623941

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