Use the following to answer question:
-(Table: Costs of Producing Bagels)Use Table: Cost of Producing Bagels.The marginal cost of producing the sixth bagel is:
A)$0.10.
B)$0.15.
C)$0.20.
D)$0.80.

Question

Use the following to answer question: 
-(Table: Costs of Producing Bagels)Use Table: Cost of Producing Bagels.The marginal cost of producing the sixth bagel is:
A)$0.10. 
B)$0.15. 
C)$0.20. 
D)$0.80.

Quizplus · Accepted Answer

To find the marginal cost of producing the sixth bagel, we need to look at the difference in costs between producing five and six bagels. The total cost of producing five bagels is $2.80 and the total cost of producing six bagels is $3.00. The difference between the two is $0.20, which is the marginal cost of producing the sixth bagel. Therefore, the answer is C) $0.20.

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