As shown in Exhibit A, the arc marginal cost of producing the fifth unit in the short run is:

Name: As shown in Exhibit A, the arc marginal cost of producing the fifth unit in the short run is:
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Question

Quizplus · Accepted Answer

The arc marginal cost of producing the fifth unit is the change in total cost divided by the change in output. The change in total cost is $50 - $27 = $23. The change in output is 5 - 4 = 1. Therefore, the arc marginal cost of producing the fifth unit is $23 / 1 = $23.

As Shown in Exhibit A, the Arc Marginal Cost of Producing