Question

Quantity of output Fixed cost Variable cost Total cost 0 $70 $18 1 70 32 2 70 42 3 70 57 4 70 75 5 70 95 6 70 120 The table shows the cost information for Bonita's pet-sitting service, where quantity of output is the number of clients served per day. Think about the number you would put in the total cost column, and then answer this question. What is the marginal cost of increasing output from 5 clients to 6 clients?

          Quantity of output
Fixed cost
Variable cost
Total cost
0
$70
$18
1
70
32
2
70
42
3
70
57
4
70
75
5
70
95
6
70
120
The table shows the cost information for Bonita's pet-sitting service, where quantity of output is the number of
clients served per day. Think about the number you would put in the total cost column, and then answer this
question. What is the marginal cost of increasing output from 5 clients to 6 clients?

Quantity of output
Fixed cost
Variable cost
Total cost
0
7018
1
70
32
2
70
42
3
70
57
4
70
75
5
70
95
6
70
120
The table shows the cost information for Bonita's pet-sitting service, where quantity of output is the number of
clients served per day. Think about the number you would put in the total cost column, and then answer this
question. What is the marginal cost of increasing output from 5 clients to 6 clients?

Added by Christopher W.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Mauya Mitchell

05/09/2023

Step 1

From the table, we can see that the total cost for 5 clients is $70. Show more…

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Quantity of output 0 1 2 3 4 5 6 Fixed cost $70 70 70 70 70 70 70 Variable cost $18 32 42 57 75 95 120 Total cost The table shows the cost information for Bonita's pet-sitting service, where quantity of output is the number of clients served per day. Think about the number you would put in the total cost column, and then answer this question. What is the marginal cost of increasing output from 5 clients to 6 clients?