Table 14-12
Bill's Birdhouses
-Refer to Table 14-12. What is the marginal cost of the 8th unit?
A)$0
B)$72.75
C)$120
D)$502

Name: Table 14-12 Bill's Birdhouses -Refer to Table 14-12. What is the marginal cost of the 8th unit? A)$0 B)$72.75 C)$120 D)$502
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Question

Table 14-12
Bill's Birdhouses 
-Refer to Table 14-12. What is the marginal cost of the 8th unit?
A)$0 
B)$72.75 
C)$120 
D)$502

Quizplus · Accepted Answer

The marginal cost is the additional cost incurred by producing one more unit. Without the table, we assume the marginal cost is given as $120 for the 8th unit.