Use the information in the table below to determine the marginal cost of producing the sixth unit of output.
$$\begin{array} { l r r r r r r r r r }
\text { Output } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\text { Cost } & 10 & 11 & 13 & 16 & 20 & 25 & 31 & 38 & 48
\end{array}$$
A) 6
B) 31
C) 6/31
D) 31/6

Question

Use the information in the table below to determine the marginal cost of producing the sixth unit of output.
$$\begin{array} { l r r r r r r r r r } 
\text { Output } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\text { Cost } & 10 & 11 & 13 & 16 & 20 & 25 & 31 & 38 & 48
\end{array}$$
A) 6
B) 31
C) 6/31
D) 31/6

Quizplus · Accepted Answer

The marginal cost of producing the sixth unit of output is the change in total cost from producing the fifth unit to producing the sixth unit. From the table, the cost of producing 5 units is 25 and the cost of producing 6 units is 31. Therefore, the marginal cost of producing the sixth unit is 31 - 25 = 6.

Use the Information in the Table Below to Determine the Marginal