Question

Using the table, calculate the marginal cost of each quantity of shoe inserts.

The first pair: $

The third pair: $

The fifth pair:

Answer 1

I don’t see the table you mention. To find marginal cost (MC) for each additional pair, use:

- MC of the 1st pair = TC(1) − TC(0)
- MC of the 3rd pair = TC(3) − TC(2)
- MC of the 5th pair = TC(5) − TC(4)

If you paste the table’s total-cost (or total-cost-at-each-quantity) numbers, I’ll compute those three values for you. (If your table gives only per-unit or average costs, tell me that and I’ll explain how to convert.)