Illustrate what is the marginal cost of a shirt

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A shirt company spends $1,000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $8 worth of labour and energy. Answer the following questions assuming that the factory produces 500 shirts per week.

a) What is the average cost of a shirt?

b) What is the marginal cost of a shirt?

Reference no: EM1364153

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