An entrenpeneur knits sweaters for sale. the entrenpeneur has fixed costs of $100. when he makes 10 sweaters in one month, he must spend $15 on wool. when he makes 11 sweaters in one month, he must spend $17 on wool. if he has no other cost, what is the marginal cost?

marginal cost = $2

Explanation:

given data:

cost on wool when 10 sweater made in one month = $15

cost on wool when 11 sweater made in one month = $17

fixed cost = $100

In case of no other cost present, marginal cost is given by

Marginal cost = cost of eleven sweaters - cost of ten sweaters

                       = $17 -$15

                       = $2

A.) SPECIALIZE

To narrow one's focus in order to become an expert at producing a particular good or service is to SPECIALIZE.

When a company specialize a product or service, all of its resources are geared towards making said product or service the best that they can produce.