The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-If the total cost of producing 6 units is $228 and the total cost of producing 7 units is $245, what is the marginal cost of producing the seventh unit?
A)$35
B)$245
C)$3
D)$38
E)$17

Question

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-If the total cost of producing 6 units is $228 and the total cost of producing 7 units is $245, what is the marginal cost of producing the seventh unit?
A)$35 
B)$245 
C)$3 
D)$38 
E)$17

Quizplus · Accepted Answer

The marginal cost of producing the seventh unit is the difference in total cost between producing 7 units and 6 units, which is $245 - $228 = $17.

The Below Figure Shows the Various Combinations of the Goods