Illustrate answer with a marginal cost graph


Is Jill Johnson correct or incorrect when she says the following: "When I am producing 20,000 pizzas per month , my total cost is $75,000. If I produce 20,001 pizzas, my total cost will rise to $75,003. When I produce 20,002 pizzas, my total cost rises to $75,005 pizzas." Therefore, my marginal cost of producing pizzas must be increasing." Illustrate your answer with a marginal cost graph.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Illustrate answer with a marginal cost graph
Reference No:- TGS045449

Expected delivery within 24 Hours