Exhibit 21-8 Exhibit 21-8 shows how output varies with the only variable input used in its production. If the cost of a unit of labor is $500, what is the approximate marginal cost of the 185th unit of output?
A)$2.50
B)$16.67
C)$12.50
D)$50.00
E)$100.00

Question

Exhibit 21-8  Exhibit 21-8 shows how output varies with the only variable input used in its production. If the cost of a unit of labor is $500, what is the approximate marginal cost of the 185th unit of output?
A)$2.50 
B)$16.67 
C)$12.50 
D)$50.00 
E)$100.00

Quizplus · Accepted Answer

The Answer of Exhibit 21-8  Exhibit 21-8 shows how output varies with the only variable input used in its production. If the cost of a unit of labor is $500, what is the approximate marginal cost of the 185th unit of output?
A)$2.50 
B)$16.67 
C)$12.50 
D)$50.00 
E)$100.00

Exhibit 21-8 Exhibit 21-8 Shows How Output Varies with the Only