(03.05 mc) quantity of jackets price

(03.05 MC)<object:standard:ss.912.e.1.7>

Quantity of Jackets

Price (in whole dollars)

Total Revenue

Marginal Revenue

Total Cost

Marginal Cost

Profit (or loss)

0

20

         

1

20

20

 

18

   

2

19

38

 

33

   

3

18

54

 

43

   

4

17

68

 

55

   

5

16

80

 

68

   

6

15

90

 

83

   

7

14

98

 

101

   

8

13

104

 

120

   

Based on this chart, what is the marginal cost, in dollars, to produce four jackets?

 

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