Use the following to answer question:
-(Table: Costs of Producing Bagels)Use Table: Cost of Producing Bagels.Marginal cost reaches its minimum value for the _____ bagel.
A)first
B)third
C)fourth
D)fifth

Question

Use the following to answer question: 
-(Table: Costs of Producing Bagels)Use Table: Cost of Producing Bagels.Marginal cost reaches its minimum value for the _____ bagel.
A)first 
B)third 
C)fourth 
D)fifth

Quizplus · Accepted Answer

Marginal cost is the cost of producing one more unit of a good. It typically decreases initially as production becomes more efficient, then increases as production capacity is maximized. Without the specific table data, the general principle is that the minimum marginal cost is reached before these increases, which often happens after a few units are produced. Given the options and assuming a typical production scenario, the third bagel would likely represent the point where marginal cost is minimized before it starts to rise due to factors like increased labor or material costs needed to maintain production.

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