Table 13-1

-Refer to Table 13-1.What is the marginal cost of producing the first widget
A)$0
B)$1.00
C)$10.25
D)$11.00

Name: Table 13-1 -Refer to Table 13-1.What is the marginal cost of producing the first widget A)$0 B)$1.00 C)$10.25 D)$11.00
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Question

Table 13-1
 
-Refer to Table 13-1.What is the marginal cost of producing the first widget
A)$0 
B)$1.00 
C)$10.25 
D)$11.00

Quizplus · Accepted Answer

The marginal cost is the change in total cost when one more unit is produced. If the first widget costs $1.00, then the marginal cost of producing it is $1.00.

Table 13-1 -Refer to Table 13-1.What Is the Marginal Cost of Producing