History, 04.10.2019 21:30 BallerAlert1644
A6-column table titled the cost of and return on pie production has 7 rows. the first column is labeled pies produced per day with entries 0, 1, 2, 3, 4, 5, 6. the second column is labeled total cost with entries 0, 1, 1.50, 1.75, 2.25, 3.50, 5.00. the third column is labeled marginal cost with entries 0, 1, 0.50, 0.25, 0.50, 1.25, 1.50. the fourth column is labeled total revenue with entries blank, 10, 20, 30, 40, 50, 60. the fifth column is labeled marginal revenue with entries blank, 10, 10, 10, 10, 10, 10. the sixth column is labeled profit with entries 0, 9, 18.50, 27.25, 37.75, 46.50, and 55.the chart shows the marginal cost and marginal revenue of producing apple pies.
what most likely will happen if the pie maker continues to make additional pies?
the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit.
the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit.
the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit.
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