Based on the following table,the additional cost of producing the 170th unit of output is: $\begin{array}{llcc}
\text { Output} & \text { Total Cost } \
0 &\$300\
50&800\
100&1050\
150 &1650\
200 &2400\
\end{array}$

A)$10.50
B)$11.50
C)$13
D)$15
E)none of the above

Question

Based on the following table,the additional cost of producing the 170th unit of output is: $\begin{array}{llcc}
  \text {  Output} & \text { Total Cost }  \
0 &\$300\
50&800\
100&1050\
150 &1650\
200 &2400\
\end{array}$

A)$10.50
B)$11.50
C)$13
D)$15
E)none of the above

Quizplus · Accepted Answer

To find out the additional cost of producing the 170th unit of output, we need to calculate the marginal cost, which is the cost of producing one additional unit of output. 
Marginal cost = (Change in Total Cost) / (Change in Output)
Change in Total Cost = Total cost of producing 170 units - Total cost of producing 150 units = $2400 - $1650 = $750
Change in Output = 170 - 150 = 20
Therefore, Marginal Cost = $750 / 20 = $37.50
The additional cost of producing the 170th unit of output is the marginal cost minus the cost of producing the 150th unit, which is $37.50 - $22.50 = $15. 
Hence, the answer is D.

Based on the Following Table,the Additional Cost of Producing the 170th