Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will:____.

Sagot :

If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48. Average cost comprises fixed costs, such as production costs that are constant regardless of output.

The equipment and building space required to assemble a product are two examples of fixed costs. The average cost includes variable costs. All costs that change with that amount of production are included in the marginal cost of production. For instance, if a business needs to construct a brand-new facility.

To learn more about average cost, click here.

https://brainly.com/question/15570401

#SPJ4

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.