Use the following to answer questions :
Figure 7-1
-Given the curves shown in Figure 7-1, the marginal cost of the 3rd unit of output is:
A)$6.00.
B)$10.00.
C)$16.00.
D)$25.00.
E)none of the above.

Question

Use the following to answer questions :
Figure 7-1 
-Given the curves shown in Figure 7-1, the marginal cost of the 3rd unit of output is:
A)$6.00. 
B)$10.00. 
C)$16.00. 
D)$25.00. 
E)none of the above.

Quizplus · Accepted Answer

The marginal cost of the 3rd unit of output is $6.00, as shown by the slope of the MC curve at the point where Q = 3.

Use the Following to Answer Questions