Table 13-12
Betty's Bakery

-Refer to Table 13-12.What is the marginal cost of the 8th cake at Betty's Bakery?
A) $20
B) $27
C) $160
D) $185

Name: Table 13-12 Betty's Bakery -Refer to Table 13-12.What is the marginal cost of the 8th cake at Betty's Bakery? A) $20 B) $27 C) $160 D) $185
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Question

Table 13-12
Betty's Bakery
 
-Refer to Table 13-12.What is the marginal cost of the 8th cake at Betty's Bakery?
A) $20 
B) $27 
C) $160 
D) $185

Quizplus · Accepted Answer

According to the table, the total cost of producing 7 cakes is $120 and the total cost of producing 8 cakes is $147. Therefore, the marginal cost of the 8th cake is $147 - $120 = $27.