If The Mayo Law Firm's total costs are $7,000 when 20 clients' cases are worked and $7,600 when 21 clients' cases are worked,the marginal cost of the 21st client's case is

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Quizplus · Accepted Answer

The marginal cost is the additional cost incurred when one more unit is produced. Here, the cost increases from $7,000 to $7,600 when the number of clients increases from 20 to 21, so the marginal cost is $7,600 - $7,000 = $600.

If the Mayo Law Firm's Total Costs Are $7,000 When