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Question 17 4 pts A company produces 500 bushels of corn for a total cost of $1,500. When the company decided to ramp up production to 501 bushels, their total cost became $1,522. In this scenario, what is the marginal cost of producing the 501st bushel? What is the average cost of producing 501 bushels? (round your answer to the nearest cent) Marginal cost = $3.04 and Average cost = $22 Marginal cost = $22 and Average cost = $3.04 Marginal cost = $3.04 and Average cost = $3.04 Marginal cost = $22 and Average cost = $22 Cannot be determined from the information given