RWJ 7th Edition Solutions

Marginal cost = $16.15 + 18.50 . Marginal cost = $34.65 The average cost per unit is the total cost of production, divided by the quantity produced, so: Average cost = Total cost / Total quantity . Average cost = $5,997,500/150,000 . Average cost = $39.98. Minimum acceptable total revenue = 10,000($34.65) Minimum acceptable total revenue = $346,500 ................
................