Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.5. The marginal cost of the seventh drone is
A) $2.86.
B) $3.33.
C) $20.
D) indeterminate from this information.

Question

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.5. The marginal cost of the seventh drone is
A) $2.86. 
B) $3.33. 
C) $20. 
D) indeterminate from this information.

Quizplus · Accepted Answer

The marginal cost of producing an additional unit (in this case, the seventh drone) is calculated by the change in total cost divided by the change in quantity. Without specific figures from "Figure 8.5," we cannot determine the exact marginal cost, making the correct answer indeterminate from the information provided. However, since "indeterminate from this information" is not an option, and assuming a specific context or detail might have been overlooked in the question's presentation, the closest approximation or common understanding of typical costs for producing items like drones would not align with the specific values given in options A and B. Option C could be considered if there was a significant cost associated with producing another drone, but without the figure or additional context, this is speculative. Therefore, the response is based on the information provided being insufficient to determine the correct answer.

Refer to the Short-Run Information Provided in Figure 8