Use the following to answer questions:
-(Table: Costs of Producing Bagels) Look at the table Cost of Producing Bagels. The marginal cost of producing the sixth bagel is:
A) $0.10.
B) $0.15.
C) $0.20.
D) $0.80.

Question

Use the following to answer questions: 
-(Table: Costs of Producing Bagels) Look at the table Cost of Producing Bagels. The marginal cost of producing the sixth bagel is:
A) $0.10. 
B) $0.15. 
C) $0.20. 
D) $0.80.

Quizplus · Accepted Answer

The marginal cost is the change in total cost when one more unit is produced. If the cost of producing five bagels is $X and the cost of producing six bagels is $Y, then the marginal cost of the sixth bagel is $Y - $X.

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