-In the above table, what is the marginal cost to produce the 4th unit of output?
A) $30
B) $60
C) $55
D) $20

Name: -In the above table, what is the marginal cost to produce the 4th unit of output? A) $30 B) $60 C) $55 D) $20
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Question

-In the above table, what is the marginal cost to produce the 4th unit of output?
A) $30 
B) $60 
C) $55 
D) $20

Quizplus · Accepted Answer

The marginal cost is the change in total cost when one more unit is produced. If the total cost to produce the 3rd unit is $150 and the total cost to produce the 4th unit is $210, the marginal cost for the 4th unit is $210 - $150 = $60.

-In the Above Table, What Is the Marginal Cost to Produce