If changing the quantity produced from 10,000 to 10,001 causes total costs to increase by $15, the marginal cost at 10,000 must be $15.

Question

Quizplus · Accepted Answer

Marginal cost is the change in total cost that arises when the quantity produced is incremented by one unit; therefore, if total costs increase by $15 when production goes from 10,000 to 10,001 units, the marginal cost at 10,000 units is indeed $15.

If Changing the Quantity Produced from 10,000 to 10,001 Causes