11. Suppose you are the owner of a firm producing jelly beans. Your production costs are shown in the following table. Initially, you produce 100 boxes of jelly beans per time period. Then a new customer calls and places an order for an additional box of jelly beans, requiring you to increase your output to 101 boxes. She offers you

$1.50 for the additional box. Should you produce it? Why or why not?

Transcribed Image Text:

JELLY BEAN PRODUCTION Number of boxes Average cost per box 100 $1.00 101 1.01 102 1.02 103 1.03