The Average Cost of Producing Additional Bar Stools

What is the average cost per bar stool of the additional 380 bar stools over 370?

Can you calculate the average cost per bar stool of the additional 380 bar stools over 370?

Calculating the Average Cost

The average cost per bar stool of the additional 380 stools over 370 is $7.00.

To find the average cost per bar stool of the additional 380 bar stools over 370, we first need to calculate the total cost of producing 380 bar stools. Using the given information that producing 370 bar stools costs $3125 and producing 750 bar stools would cost $5785, we can find the cost of producing the additional 380 bar stools.

The cost of producing 380 bar stools would be:

Cost of producing 750 bar stools - Cost of producing 370 bar stools
$5785 - $3125 = $2660

Now, to find the average cost per bar stool of the additional 380 bar stools, we simply divide the total cost of producing these stools by the number of stools:

Average cost per bar stool of additional 380 stools = Cost of producing 380 stools / 380
$2660 / 380 = $7.00 per bar stool