Question 1
Refer to the information provided in Table 8.5 below to answer the question(s) that follow.

Refer to Table 8.5. If Phoebe produces two swords, her marginal cost is
◦ $20.
◦ $22.50.
◦ $36.25.
◦ $61.25.
Question 2
Refer to the information provided in Table 8.5 below to answer the question(s) that follow.

Refer to Table 8.5. If Phoebe produces three Swords, her total variable costs are
◦ $13.33.
◦ $70.
◦ $87.50.
◦ $112.25.