Question

The production of stems results in a Total Cost of $50, and the Marginal Cost of producing 4 items is 58, what would the Total Cost be of producing 4 terms ?

Answer 1

To estimate the total cost of producing 4 terms, we can use the concept of marginal cost. Given that the marginal cost of producing 4 items is $58 and the total cost of producing 4 items is $50, we can estimate that the total cost of producing 5 items would be $108.

Step-by-step explanation:

To find the total cost of producing 4 terms, we need to know the relationship between the total cost and the number of items produced. Unfortunately, the information provided in the question does not give us enough data to determine the total cost directly. However, we can use the concept of marginal cost to make an estimate.

The marginal cost is the cost of producing one additional item. In this case, the marginal cost of producing 4 items is given as $58. This means that producing the 5th item would cost an additional $58.

Since the total cost of producing 4 items is known to be $50, we can estimate that the total cost of producing 5 items would be $50 + $58 = $108. Please note that this is just an estimate based on the given information, and the actual total cost may be different.