Use the table below to answer the following question.

What is the marginal cost of producing the third unit of output?
A) $20
B) $44
C) $70
D) This cannot be determined from the data.

Question

Use the table below to answer the following question.

What is the marginal cost of producing the third unit of output?
A) $20 
B) $44 
C) $70 
D) This cannot be determined from the data.

Quizplus · Accepted Answer

To find the marginal cost of producing the third unit, we need to look at the change in total cost for producing two units versus producing three units. 
- The total cost for producing two units is $90 (from the table). 
- The total cost for producing three units is $134 (also from the table).

So the change in total cost for producing one more unit is: 
$134 - $90 = $44

Therefore, the marginal cost of producing the third unit of output is $44.

Use the Table Below to Answer the Following Question