Minimum price necessary for the company to supply

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Reference no: EM1320778

Q. Cold Case, Inc., produces beverage containers utilized by fast food franchises. This is a perfectly competitive marketplace. The subsequent relation exists between the industry's beverage container output every hour also total production costs:

Total
Output Total
Cost
0 $35
1,000 85
2,000 145
3,000 215
4,000 295
5,000 385
6,000 485
7,000 610

(i) Construct a table Elucidate how the marginal cost of paper cup production.

(ii) Illustrate what is the minimum price necessary for the company to supply one thousand cups?

(iii) Elucidate how many cups would the company supply at organization prices of $75 also $100 every thousand?

Reference no: EM1320778

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