fast please 21. Refer to the table to the right which shows costdata for Lotus Lanterns, a producer of whimsicalnight lights.What is the marginal cost per unit of productionwhen the firm produces 100 lanterns?O A. $32B. $8.1O C. $11.1O D. $320QuantityofVariable TotalCostFixedCost Average Totallanterns Cost (Dollars) (Dollars) (Dollars) Cost (Dollars)1703702304308101264148075809010011511712020020020020020020020014644.935.367.6711.812.5

Variable costThe total expenses for a firm are composed of two branches. The fixed expenses are the…

Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the marginal cost per unit of production when the firm produces 100 lanterns? O A. $32 O B. $8.1 OC. $11.1 O D. $320

Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the marginal cost per unit of production when the firm produces 100 lanterns? O A. $32 O B. $8.1 OC. $11.1 O D. $320

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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Question

fast please 21.

Refer to the table to the right which shows cost
data for Lotus Lanterns, a producer of whimsical
night lights.
What is the marginal cost per unit of production
when the firm produces 100 lanterns?
O A. $32
B. $8.1
O C. $11.1
O D. $320
Quantity
of
Variable Total
Cost
Fixed
Cost Average Total
lanterns Cost (Dollars) (Dollars) (Dollars) Cost (Dollars)
170
370
230
430
810
1264
1480
75
80
90
100
115
117
120
200
200
200
200
200
200
200
1464
4.93
5.36
7.67
11.8
12.5

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