High School

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[tex]
\[
\begin{array}{|c|c|c|c|c|c|c|c|}
\hline
\text{Shoes per Hour} & \text{Fixed Costs} & \text{Variable Costs} & \text{Total Cost} & \text{Marginal Cost} & \text{Marginal Revenue} & \text{Total Revenue} & \text{Profit per Hour} \\
\hline
0 & \$40 & \$0 & \$40 & \$0 & \$25 & \$0 & \$-40 \\
\hline
1 & \$40 & \$9 & \$49 & \$9 & \$25 & \$25 & \$-24 \\
\hline
2 & \$40 & \$12 & \$52 & \$3 & \$25 & \$50 & H \\
\hline
3 & \$40 & \$17 & \$57 & \$5 & \$25 & \$75 & I \\
\hline
4 & \$40 & \$21 & C & \$4 & \$25 & \$100 & J \\
\hline
5 & \$40 & \$28 & D & \$7 & \$25 & \$125 & K \\
\hline
6 & \$40 & \$38 & \$78 & E & \$25 & \$150 & \$72 \\
\hline
7 & \$40 & \$51 & \$91 & F & \$25 & \$175 & \$84 \\
\hline
8 & \$40 & \$66 & \$106 & G & \$25 & \$200 & \$94 \\
\hline
9 & \$40 & \$86 & \$126 & \$20 & \$25 & \$225 & L \\
\hline
10 & \$40 & \$111 & \$151 & \$25 & \$25 & \$250 & M \\
\hline
11 & \$40 & A & \$181 & \$30 & \$25 & \$275 & N \\
\hline
12 & \$40 & B & \$219 & \$38 & \$25 & \$300 & 0 \\
\hline
\end{array}
\]
[/tex]

What is the value of "E"?

Answer :

To determine the value corresponding to letter [tex]$E$[/tex], we need to calculate the marginal cost when increasing production from 5 fhoes per hour to 6 fhoes per hour.

Step 1: Calculate the total cost when 5 fhoes per hour are produced.
The total cost is the sum of fixed costs and variable costs. At 5 fhoes per hour, the fixed cost is \[tex]$40 and the variable cost is \$[/tex]28. Thus,
[tex]$$
\text{Total Cost at 5 fhoes/hour} = 40 + 28 = 68.
$$[/tex]

Step 2: Calculate the total cost when 6 fhoes per hour are produced.
At 6 fhoes per hour, the fixed cost remains \[tex]$40 and the variable cost is \$[/tex]38. Therefore,
[tex]$$
\text{Total Cost at 6 fhoes/hour} = 40 + 38 = 78.
$$[/tex]

Step 3: Find the marginal cost from increasing production from 5 to 6 fhoes per hour.
The marginal cost is the increase in total cost, computed as follows:
[tex]$$
\text{Marginal Cost} = \text{Total Cost at 6 fhoes/hour} - \text{Total Cost at 5 fhoes/hour} = 78 - 68 = 10.
$$[/tex]

Thus, the value of [tex]$E$[/tex] is [tex]$\boxed{10}$[/tex].

Thanks for taking the time to read tex begin array c c c c c c c c hline text Shoes per Hour text Fixed Costs text Variable Costs text Total Cost. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

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