If I add one more input, 3 cupcakes produced, would my total cost be $16, and my average cost be $8???

Topic Marginal Cost vs Average aker.instructure.com/courses/50891/discussion_topics/832487?module_item_id=3966010 M Gmail M Yay! Welcome to the Getting Out of Defa_ = 1.1 What Is Econom. Re My quantitative example would be this: Suppose we are selling cupcakes. Our fixed costs include rental space of $10, while the variable costs include the cost of ingredients and cups, which is equal to $2 per cup. Explanation: If we were to sell 1 cupcake, our total cost would be: cements TC (1 cup)= Fixed Cost + Variable Cost TC (1 cup)= $10+ ($2*1) TC (1 cup)= $10+$2 Total Cost (1 cup)= $12 e Drive Resources Now if we sell 2 cups (cupcakes), our total cost would be: id Portal Total Cost (2 cups) = Fixed cost + Variable Cost ing Services TC (2 cups) = $10 + ($2 * 2) TC (2 cups)= $10 + $4 TC (2 cups)= $14 But if we are to compute the average cost of producing 2 cupcakes, we will get: Average Cost (AC)= Total Cost (TC) (2 cups) / 2 AC= $14 /2 AC- $7 Here we can see that the marginal cost of producing another cupcake is $2, but the average cost of producing 2 cupcakes is $7. Greenlaw, S. A., & Shapiro, D. (2018). Principles of Microeconomics 2e. Houston, TX. 11:38 AM