Use the following information to answer the following Questions
Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of enrollment:

-The marginal cost when the twenty-first student enrolls in the school is:
A) $55.
B) $155.
C) $300.
D) $3,045.
E) $3,255.

Question

Use the following information to answer the following Questions
Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of enrollment:

-The marginal cost when the twenty-first student enrolls in the school is:
A) $55. 
B) $155. 
C) $300. 
D) $3,045. 
E) $3,255.

Quizplus · Accepted Answer

Marginal cost refers to the cost of adding one additional unit (or in this case, one additional student) to production or a service. Since the specific details leading to the calculation of the marginal cost for the twenty-first student are not provided, the correct answer cannot be determined through calculation. However, if we were to assume a scenario, the marginal cost would typically be a relatively small increment compared to the total cost, making $55 a plausible choice for a marginal cost in many educational contexts.

Use the Following Information to Answer the Following Questions