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One of your firm's suppliers discounts prices for larger quantities. The first 1000 parts are $13 each. The next 2000 are $12 each. All parts
One of your firm's suppliers discounts prices for larger quantities. The first 1000 parts are $13 each. The next 2000 are $12 each. All parts in excess of 3000 cost $11 each. What are the average cost and marginal cost per part for the following quantities?
(a) 500
(b) 1500
(c) 2500
(d) 3500
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