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In order to produce 100 oatmeal cookies, goodiecookieco incurs an average total cost of $0. 25 per cookie. The company’s marginal cost is constant at $0. 10 for all oatmeal cookies produced. The total cost to produce 50 oatmeal cookies is.

Sagot :

abiolataiwo2015

The total cost to produce 50 oatmeal cookies is $20.

Total cost to produce

First step is to calculate the total cost to produce 100 cookies:

Total cost to produce= Average total cost × Quantity

Total cost to produce=$.25×100

Total cost to produce=$25

Second step is to calculate the total cost to produce 50 cookies:

Total cost to produce=$25-($0.10 ×50)

Total cost to produce=$25-$5

Total cost to produce=$20

Inconclusion the total cost to produce 50 cookies is $20.  

Learn more about total cost here:https://brainly.com/question/14464098

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