Table 13-16
-Refer to Table 13-16. What is the marginal cost of the 4th unit of output?
A)$40
B)$52
C)$68
D)$136

Question

​Table 13-16 
-Refer to Table 13-16. What is the marginal cost of the 4th unit of output?
A)$​40 
B)​$52 
C)​$68 
D)​$136

Quizplus · Accepted Answer

The marginal cost of the 4th unit of output can be found by calculating the change in total cost when producing 4 units instead of 3 units. The total cost of producing 3 units is $156, and the total cost of producing 4 units is $208, so the change in total cost is $52. Therefore, the marginal cost of the 4th unit of output is ​$52. The best choice is B because it correctly identifies the marginal cost.

​Table 13-16 -Refer to Table 13-16. What Is the Marginal Cost of Marginal

Table 13-16 -Refer to Table 13-16. What Is the Marginal Cost of Marginal