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If the total cost of producing 300 leather jackets is $400 and the total cost of producing 301 leather jacket's is $435 what is the marginal cost of production at 300 leather jackets?
The marginal cost of production at 300 leather jackets is calculated by finding the difference in total cost when producing one additional unit. In this case, the total cost of producing 301 jackets is $435, and the cost of producing 300 jackets is $400. Therefore, the marginal cost is $435 - $400 = $35. Thus, the marginal cost of producing the 301st leather jacket is $35.
What happens when marginal cost exceeds average total cost?
MC is the cost of producing one extra good, so if the cost of producing that one extra good is above the average, then the ATC increases.
If the total cost of producing 300 leather jacket is 400 and the total cost of producing one leather jackets is 435 what is the marginal cost of production at 300 leather jackets?
$35
The extra cost of producing one additional unit of output is called?
marginal cost
Is the cost of producing one more unit of output are fixed cost?
No, the cost of producing one more unit of output is not considered a fixed cost; it is referred to as marginal cost. Fixed costs remain constant regardless of the level of production, such as rent or salaries, while marginal cost represents the additional cost incurred for producing one more unit, which can vary depending on production levels and resource usage.
How much did a toaster cost during the 1920s?
1,000,000,000 $
Cost of first electric toaster?
(One Hug. :)) this is not a correct answer - the first electric toaster was invented in the early 1900's.
How much does an Oster two-slice toaster cost?
A basic Oster two-slice toaster will cost about $15. However, the fancier the model, the more you will pay. Oster makes a two slice toaster that will also poach an egg that costs $35.
How much did a toaster cost in 1973?
$23
What is the approximate cost of an Oster toaster oven?
The price of Oster toaster ovens ranges depending on the size and style of toaster oven that you are looking to acquire. Some Oster toaster ovens can be purchased for as little as 20 but most are priced above 40.
What is the cost of a Krups convection toaster oven?
At Overstock, the Krups toaster oven is $225.4. However, at Wayfair, the same oven is there for $149.99. Both of them are available to be bought online.
If the total cost of producing 300 leather jackets is $400 and the total cost of producing 301 leather jacket's is $435 what is the marginal cost of production at 300 leather jackets?
The marginal cost of production at 300 leather jackets is calculated by finding the difference in total cost when producing one additional unit. In this case, the total cost of producing 301 jackets is $435, and the cost of producing 300 jackets is $400. Therefore, the marginal cost is $435 - $400 = $35. Thus, the marginal cost of producing the 301st leather jacket is $35.
If the fixed cost of producing seven video games is 14 and the variable cost of producing seven video games is 12 how much is the total cost of producing seven video games?
$26
What does it cost to run a toaster?
The cost to run a toaster depends on its wattage and the local electricity rates. Most toasters use between 800 to 1,500 watts. To estimate the cost, multiply the wattage by the time used (in hours), then by the electricity rate (usually in cents per kilowatt-hour). For example, if you use a 1,000-watt toaster for 10 minutes, it would cost about 2 cents at an electricity rate of 12 cents per kilowatt-hour.
Explain why it is likely that wires in a toaster are made of copper?
Copper is a good conductor of electricity, making it ideal for transmitting the electric current in a toaster efficiently. Additionally, copper is durable, heat-resistant, and readily available, making it a cost-effective choice for toaster wiring.
When does it cost too much to produce food?
When the total cost of producing the food exceeds - or is even equal to - the cost of producing it, it costs too much to produce it.
What is sum of production cost?
The total cost of producing a widget.
