Use the following to answer questions: Table: Competitive Firm
-(Table: Competitive Firm) The marginal cost of the fifth unit of output is:
A) $70.
B) $90.
C) $450.
D) $300.

Name: Use the following to answer questions: Table: Competitive Firm -(Table: Competitive Firm) The marginal cost of the fifth unit of output is: A) $70. B) $90. C) $450. D) $300.
Brand: Quizplus
Rating: 4.7 (28 reviews)

Question

Use the following to answer questions: Table: Competitive Firm 
-(Table: Competitive Firm) The marginal cost of the fifth unit of output is:
A) $70. 
B) $90. 
C) $450. 
D) $300.

Quizplus · Accepted Answer

The marginal cost is the additional cost of producing one more unit of output. In this case, the marginal cost of the fifth unit is $70.

Use the Following to Answer Questions: Table: Competitive Firm