Table 14-1
This table shows the revenue and costs of a parrot farmer.
-Refer to Table 14-1.If the farmer harvested three parrots then:

Name: Table 14-1 This table shows the revenue and costs of a parrot farmer. -Refer to Table 14-1.If the farmer harvested three parrots then:
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Question

Table 14-1
This table shows the revenue and costs of a parrot farmer. 
-Refer to Table 14-1.If the farmer harvested three parrots then:

Quizplus · Accepted Answer

Marginal cost is the change in total cost divided by the change in quantity. In this case, the change in total cost is $8 (from $16 to $24) and the change in quantity is 1 (from 2 to 3). Therefore, the marginal cost is $8.

Table 14-1 This Table Shows the Revenue and Costs of a Parrot