Table 5.5
-Refer to Table 5.5. The marginal cost of the third unit of output is
A) $0.
B) $7.
C) $8.
D) $40.

Name: Table 5.5 -Refer to Table 5.5. The marginal cost of the third unit of output is A) $0. B) $7. C) $8. D) $40.
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Question

Table 5.5
-Refer to Table 5.5. The marginal cost of the third unit of output is
A) $0. 
B) $7. 
C) $8. 
D) $40.

Quizplus · Accepted Answer

The marginal cost of producing an additional unit of output is the change in total cost that comes from producing one more unit. To find the marginal cost of the third unit, you subtract the total cost of producing two units from the total cost of producing three units.

Table 5.5 -Refer to Table 5.5. the Marginal Cost of the Third