In the short run, the marginal cost of producing the first unit of output is $50, the marginal cost of the second unit of output is $20, and the marginal cost of producing the third unit of output is $16. The firm's total cost of producing three units of output is
A) $16.
B) $48.
C) $86.
D) cannot be determined from the information provided

Question

Quizplus · Accepted Answer

The Answer of In the short run, the marginal cost of producing the first unit of output is $50, the marginal cost of the second unit of output is $20, and the marginal cost of producing the third unit of output is $16. The firm's total cost of producing three units of output is
A) $16.
B) $48.
C) $86.
D) cannot be determined from the information provided

In the Short Run, the Marginal Cost of Producing the First