-The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?
A) 0 and 1000
B) 1000 and 3000
C) 3000 and 4000
D) 4000 and 4500

Question

-The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?
A) 0 and 1000 
B) 1000 and 3000 
C) 3000 and 4000 
D) 4000 and 4500

Quizplus · Accepted Answer

Marginal cost begins to rise when the cost of producing an additional unit increases. This typically happens after a certain level of output due to factors like diminishing returns. The table likely shows that marginal cost first increases between 3000 and 4000 units.

-The Above Table Gives Some Production and Cost Information for Flaming