-The Jerry-Berry Ice Cream Shoppe's total cost schedule is in the above table.Based on the table,the marginal cost of producing the fourth gallon of ice cream is
A) $2.
B) $3.
C) $5.
D) $8.
E) $32.

Question

-The Jerry-Berry Ice Cream Shoppe's total cost schedule is in the above table.Based on the table,the marginal cost of producing the fourth gallon of ice cream is
A) $2. 
B) $3. 
C) $5. 
D) $8. 
E) $32.

Quizplus · Accepted Answer

Marginal cost is the change in total cost that arises when the quantity produced changes by one unit. To find the marginal cost of producing the fourth gallon, subtract the total cost of producing three gallons from the total cost of producing four gallons. The difference is the marginal cost of the fourth gallon.

-The Jerry-Berry Ice Cream Shoppe's Total Cost Schedule Is in the Above