Reference no: EM1371677
The Copy Center specializes in high-volume printing and color copying for small businesses. This is a fiercely competitive market. The following relation exists between output and total production costs:
Total Output Total Cost
0 $ 500
10,000 3,500
20,000 7,500
30,000 12,500
40,000 18,500
50,000 25,500
60,000 33,500
70,000 45,000
A. Construct a table showing the marginal cost of production.
B. What is the minimum price necessary for the company to supply ten thousand copies?
C. How many copies would the company supply at industry prices of $5,500 and $7,000 per ten thousand?
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