Refer to the table shown. The marginal cost of producing the fourth unit of output is: $\begin{array}{|c|c|}
\hline \text { Units of output } & \text { Total cost } \
\hline0 & 5 \
\hline 1 & 11 \
\hline 2 & 16 \
\hline 3 & 20 \
\hline 4 & 23 \
\hline 5 & 25 \
\hline 6 & 26 \
\hline
\end{array}$
A)$2.
B)$3.
C)$4.
D)$5.

Question

Refer to the table shown. The marginal cost of producing the fourth unit of output is: $\begin{array}{|c|c|}
\hline   \text { Units of output } & \text { Total cost } \
\hline0 & 5 \
\hline 1 & 11 \
\hline 2 & 16 \
\hline 3 & 20 \
\hline 4 & 23 \
\hline 5 & 25 \
\hline 6 & 26 \
\hline
\end{array}$
A)$2.
B)$3.
C)$4.
D)$5.

Quizplus · Accepted Answer

The marginal cost of producing the fourth unit is the change in total cost from producing the third unit to the fourth unit: $23 - 20 = 3$.

Refer to the Table Shown A)$2 B)$3

Refer to the Table Shown A)$2
B)$3