Use the table The Cost of Producing Sandwiches. The table provides cost information for the first five sandwiches that are produced by a sandwich shop, but some information is missing.

A. What is the variable cost of the third sandwich?
B. What is the marginal cost of the fourth sandwich?
C. Are five sandwiches greater than, less than, or equal to the quantity where the marginal cost curve intersects the average total cost curve? Explain.

Question

Use the table The Cost of Producing Sandwiches. The table provides cost information for the first five sandwiches that are produced by a sandwich shop, but some information is missing.
​
  
A. What is the variable cost of the third sandwich?
B. What is the marginal cost of the fourth sandwich?
C. Are five sandwiches greater than, less than, or equal to the quantity where the marginal cost curve intersects the average total cost curve? Explain.

Quizplus · Accepted Answer

The Answer of Use the table The Cost of Producing Sandwiches. The table provides cost information for the first five sandwiches that are produced by a sandwich shop, but some information is missing.
​
  
A. What is the variable cost of the third sandwich?
B. What is the marginal cost of the fourth sandwich?
C. Are five sandwiches greater than, less than, or equal to the quantity where the marginal cost curve intersects the average total cost curve? Explain.

Use the Table the Cost of Producing Sandwiches