The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a local arts festival. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Total Cost (dollars) $20 24 27 Output 0 1 2 3 4 Marginal Cost (dollars) 5 6 $ 29 33 39 47 b. What is the total cost of producing 5 tie-dyed t-shirts? c. What is the marginal cost of producing the 5th tie-dyed t-shirt?

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Chapter1: Making Economics Decisions
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The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a local arts festival.
Instructions: Enter your answers as a whole number.
a. Complete the marginal cost column in the table.
Tie-Dyed T-Shirt Production Costs
Total Cost
(dollars)
$20
24
Output
0
1
2
3
4
5
27
29
6
Marginal Cost
(dollars)
33
39
47
b. What is the total cost of producing 5 tie-dyed t-shirts?
$
c. What is the marginal cost of producing the 5th tie-dyed t-shirt?
Transcribed Image Text:5 The table below shows Crystal's total cost of producing different quantities of tie-dyed t-shirts for a local arts festival. Instructions: Enter your answers as a whole number. a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Total Cost (dollars) $20 24 Output 0 1 2 3 4 5 27 29 6 Marginal Cost (dollars) 33 39 47 b. What is the total cost of producing 5 tie-dyed t-shirts? $ c. What is the marginal cost of producing the 5th tie-dyed t-shirt?
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