Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of
Play Time is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of enrollment: Number of Students Enrolled 1 15 16 Total Revenue $3,000 4,250 4,500 5,500 5,750 Total Costs $1,700 2,700 2,880 3,630 3,715 20 21 The marginal cost when the twenty-first student enrolls in the school is: Multiple Choice $165 $85 $250 $3,715
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started