Table 14-12
Bill's Birdhouses
-Refer to Table 14-12. What is the marginal cost of the 5th unit?
A)$55
B)$60
C)$68
D)$80

Name: Table 14-12 Bill's Birdhouses -Refer to Table 14-12. What is the marginal cost of the 5th unit? A)$55 B)$60 C)$68 D)$80
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Question

Table 14-12
Bill's Birdhouses 
-Refer to Table 14-12. What is the marginal cost of the 5th unit?
A)$55 
B)$60 
C)$68 
D)$80

Quizplus · Accepted Answer

Marginal cost is the change in total cost divided by the change in quantity. The marginal cost of the 5th unit is $68, which is the difference between the total cost of producing 5 units and the total cost of producing 4 units.