Using the table, calculate the marginal cost of each quantity of shoe inserts. The first pair: $ The third pair: $ The fifth pair: $ Average Household Income in Desertville Your research tells you that households earning $55,000 or more are most likely to be interested in a new shoe store. Households earning $25,000 or more are likely to visit coffee shops. would have a larger potential customer base. is geared toward individuals with more disposable income.

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs