The graph of a company's total cost function is shown. Will the 201st item or the 501st item cost more to produce?
A) 201st
B) 501st

Name: The graph of a company's total cost function is shown. Will the 201st item or the 501st item cost more to produce? A) 201st B) 501st
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Question

The graph of a company's total cost function is shown. Will the 201st item or the 501st item cost more to produce? ​  ​
A) 201st 
B) 501st

Quizplus · Accepted Answer

Looking at the graph, we can see that the total cost function increases at a steeper rate after producing around 400 items. Therefore, the 501st item will cost more to produce than the 201st item.

The Graph of a Company's Total Cost Function Is Shown