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MARGINAL COST

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A nursery school for pre-kindergarten children has determined that the following biweekly revenues and costs occur at different levels of enrollment:

STUDENTS TOTAL REVENUE TOTAL COSTS
10 $3000. $2100.
15 4600. 2700.
16 4800. 2800.
20 6000. 3200.
21 6300. 3255.

The MARGINAL COST when the 21st student enrolls in the school is?

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Solution Summary

Response explains the steps of computation of marginal cost with the help of an example.

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