-The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________.
A) $20; $6
B) $20; $10
C) $10.40; $8
D) unable to be determined; $8

Question

-The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________.
A) $20; $6 
B) $20; $10 
C) $10.40; $8 
D) unable to be determined; $8

Quizplus · Accepted Answer

The total fixed cost is $20, which is the cost when producing 0 T-shirts. The marginal cost of increasing production from 5 to 6 T-shirts is $10, calculated by the change in total cost divided by the change in quantity.

-The Table Above Gives the Cost of Producing T-Shirts