Answer in step by step with explanation.Don't use Ai and chatgpt. 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 CostsTotal CostOutput0(dollars)Marginal Cost(dollars)$15120$223325429563443b. What is the total cost of producing 5 tie-dyed t-shirts?c. What is the marginal cost of producing the 5th tie-dyed t-shirt?$ns54

a. Marginal utility table:Let's use this formula:Marginal utility (MU) = change in total utility /…

Answered: The table below shows Crystal's total…

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: The Cost Of Production

Section: Chapter Questions

Problem 1PA

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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 Output Total Cost (dollars) Marginal Cost (dollars) 0 $20 — 1 26 $ 2 29 3 30 4 33 5 39 6 48 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? $
Government imposes higher tax on tobacco production. Which cost curves will be affected and why of the firm? You may draw diagram too
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 Output 0 (dollars) $15 20 23 25 29 5 34 6 43 b. What is the total cost of producing 5 tie-dyed t-shirts? Marginal Cost (dollars) 1 2 3 4 $ c. What is the marginal cost of producing the 5th tie-dyed t-shirt? $ 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) $15 1 20 2 23 3 25 4 29 5 34 6 43 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? Output e Marginal Cost (dollars) 3 $
Homework (Ch 13) Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Quantity Total Cost Marginal Cost Fixed Cost (Pairs) (Dollars) (Dollars) (Dollars) 0 78°F Sunny 1 2 3 4 5 6 60 155 220 255 300 350 450 2 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $155, so you should start your ATC curve by placing a green point at (1, 155). For MC, plot the points between the integers: For example, the MC of increasing production from zero to one pair of boots is $95, so you should…
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