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Question 1 3 pts Marginal Cost Analysis The manager of a T-shirt stand found that the cost to produce 10 T-shirts is $108.35, while the
Question 1 3 pts Marginal Cost Analysis The manager of a T-shirt stand found that the cost to produce 10 T-shirts is $108.35, while the cost to produce 40 T-shirts is $400.81. Assume the cost C(x) is a linear function of x, the number of T-shirts produced. Calculate the marginal cost of a T-shirt, that is, the change in cost of producing one additional T-shirt. (Round to 2 decimal places) Question 2 3 pts Equilibrium Analysis Suppose that the demand function and supply function for honey are P = D(q) = -1.3 q + 27 and P = S(q) = 0.3 q + 2.7 where P is the price in dollars for an 8-oz container and q is the quantity in 8-oz containers. Find the equilibrium quantity. (Round to the nearest whole number)
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