Question 1
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.


Refer to Table 8.2. If Sherry produces two pairs of earrings, her marginal cost is
◦ $40.
◦ $45.
◦ $72.50.
◦ $122.50.
Question 2
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.


Refer to Table 8.2. If Sherry produces three pairs of earrings, her total variable costs are
◦ $26.67.
◦ $140.
◦ $175.
◦ $225.