The Jones Company has the following cost schedule: $$\begin{array} { c c }
\begin{array} { c }
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c }
\text { Total Cost } \
( \$ )
\end{array} \
\hline 0 & 3000 \
50 & 3750 \
100 & 4275 \
150 & 4675 \
200 & 5000 \
250 & 5300 \
300 & 5700 \
350 & 6250 \
400 & 7050 \
450 & 8225
\end{array}$$ Prepare (a)average total cost and (b)marginal cost schedules for the firm.

Question

The Jones Company has the following cost schedule: $$\begin{array} { c c } 
\begin{array} { c } 
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c } 
\text { Total Cost } \
( \$ )
\end{array} \
\hline 0 & 3000 \
50 & 3750 \
100 & 4275 \
150 & 4675 \
200 & 5000 \
250 & 5300 \
300 & 5700 \
350 & 6250 \
400 & 7050 \
450 & 8225
\end{array}$$ Prepare (a)average total cost and (b)marginal cost schedules for the firm.

Quizplus · Accepted Answer

The Answer of The Jones Company has the following cost schedule: $$\begin{array} { c c } 
\begin{array} { c } 
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c } 
\text { Total Cost } \
( \$ )
\end{array} \
\hline 0 & 3000 \
50 & 3750 \
100 & 4275 \
150 & 4675 \
200 & 5000 \
250 & 5300 \
300 & 5700 \
350 & 6250 \
400 & 7050 \
450 & 8225
\end{array}$$ Prepare (a)average total cost and (b)marginal cost schedules for the firm.

The Jones Company Has the Following Cost Schedule Prepare (A)average Total Cost and (B)marginal Cost Schedules for the c