The table below shows the cost of producing model vintage cars for collectors.

a. Complete the marginal cost column in the table.

b. What is the total cost of producing 4 vintage model cars?

c. What is the marginal cost of producing the 4th vintage model car?

d. Graph the marginal cost curve for producing vintage model cars.
 

Vintage Model Car Costs Total Fixed Total Variable Marginal Cost (dollars) Cost Cost Total Cost (dollars) $ 0 (dollars) $2,500 Output (dollars) $2,500 1 2,500 700 3,200 2 2,500 1,200 3,700 3 2,500 2,000 4,500 4 2,500 3,000 5,500 2,500 4,250 6,750