The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-In Table 8.5, the marginal cost of producing the third unit of output is:
A)$7.
B)$8.
C)$3.
D)$4.
E)$6.

Question

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5
 
-In Table 8.5, the marginal cost of producing the third unit of output is:
A)$7. 
B)$8. 
C)$3. 
D)$4. 
E)$6.

Quizplus · Accepted Answer

The marginal cost of producing the third unit of output is calculated by the change in total cost when the output increases from two to three units.

The Table Given Below Shows the Average Total Cost of Production