Consider the following demand and cost information for a monopoly.
Table 11-1

-Refer to Table 11-1. The marginal cost of the fourth unit is
A) $6.
B) $12.
C) $25.
D) $60.

Name: Consider the following demand and cost information for a monopoly. Table 11-1 -Refer to Table 11-1. The marginal cost of the fourth unit is A) $6. B) $12. C) $25. D) $60.
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Question

Consider the following demand and cost information for a monopoly.
Table 11-1
 
-Refer to Table 11-1. The marginal cost of the fourth unit is
A) $6. 
B) $12. 
C) $25. 
D) $60.

Quizplus · Accepted Answer

The marginal cost of the fourth unit is $6, which is the difference between the total cost of producing 4 units and the total cost of producing 3 units.

Consider the Following Demand and Cost Information for a Monopoly