-The marginal cost of the second unit of output is:

Name: -The marginal cost of the second unit of output is:
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Marginal cost refers to the increase in total cost that arises from an extra unit of production. If the cost of the first unit is $240 and the cost of the second unit is $360, the marginal cost of producing the second unit is the difference between the two, which is $360 - $240 = $120.

-The Marginal Cost of the Second Unit of Output Is