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What is the marginal cost

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Reference no: EM133108779

Question - The following data are provided:

Number of units produced

Total cost

Average costs

10

320,000

 

11

322,000

 

12

325,000

 

13

329,000

 

14

334,000

 

15

340,000

 

Required -

a. Fill in the space for the average cost

b. What is the marginal cost between the 13th and the 14th unit?

c. Suppose an order arrives for a 16th unit and the total cost amounts to 350,000, will you accept the order? Why or why not?

Reference no: EM133108779

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