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Scenario 1-3 It costs a company $35,000 to produce 700 graphing calculators. The company’s cost will be $35,070 if it produces an additional graphing calculator. The company is currently producing 700 graphing calculators. 11. Refer to Scenario 1-3. What is the company’s average cost? 12. Refer to Scenario 1-3. What is the company’s marginal cost? 13. Refer to Scenario 1-3. A customer is willing to pay $60 for the 701 th calculator. Should the company produce and sell it? Explain. 14. Refer to Scenario 1-3. What is the minimum price the company will charge for the 701 th calculator?
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