Question
In order to produce 100 chocolate chip cookies, MaxCookieCo incurs an average total cost of $1.23 per cookie. The company's marginal cost is constant at
In order to produce 100 chocolate chip cookies, MaxCookieCo incurs an average total cost of $1.23 per cookie. The company's marginal cost is constant at $0.11 for all chocolate chip cookies produced. The total cost to produce 64 chocolate chip cookies is
Please type the answer in the answer box without the "$".
Please calculate the answer to two decimal places.
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
