Table 13-1
Measures of Cost for Splashy Cardboard Kayak Factory.

-Refer to Table 13-1. The marginal cost of producing the sixth kayak is:

Question

Table 13-1
Measures of Cost for Splashy Cardboard Kayak Factory.
 
-Refer to Table 13-1. The marginal cost of producing the sixth kayak is:

Quizplus · Accepted Answer

Marginal cost is the cost of producing one additional unit. From the table, we can see that the total cost of producing 5 kayaks is $38 and the total cost of producing 6 kayaks is $46. Therefore, the marginal cost of producing the sixth kayak is:
$46 - $38 = $8.

Table 13-1 Measures of Cost for Splashy Cardboard Kayak Factory