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Refer to Table 10.3.2, which gives Tania's Teapots' total cost schedule. When...

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Table 10.3.2

Short Description: A table shows Tania's Teapots' total cost schedule.Long Description: The column heading from left to right are labour (workers per day), output (teapots per day), T F C (dollars per day), T V C (dollars per day), and T C (dollars per day). The row entries are as follows. Row 1. 0, 0, 30, 0, 30. Row 2. 1, 3, 30, 20, blank. Row 3. 2, 8, 30, 40, blank. Row 4. 3, 12, 30, 60, blank. Row 5. 4, 14, 30, blank, 110. Row 6. 5, 15, 30, blank, 130.

Refer to Table 10.3.2, which gives Tania's Teapots' total cost schedule. When the firm increases output from 8 to 12 teapots per day, what is the firm's marginal cost of one of these 4 additional teapots produced per day?

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