Figure 8-14
The following question(s)refer(s)to the below cost curves for one very small firm in a large market.

-Refer to Figure 8-14.The marginal cost of producing the tenth unit is

Question

Figure 8-14
The following question(s)refer(s)to the below cost curves for one very small firm in a large market.
 
-Refer to Figure 8-14.The marginal cost of producing the tenth unit is

Quizplus · Accepted Answer

The marginal cost of producing the tenth unit is the change in total cost from producing 9 units to 10 units. From the graph, we can see that the total cost of producing 9 units is 60, and the total cost of producing 10 units is 70. Therefore, the marginal cost of producing the tenth unit is 70 - 60 = 7.

Figure 8-14 The Following Question(s)refer(s)to the Below Cost Curves for One Very