Table 12-9

-Refer to Table 12-9.What is the marginal cost of producing the 1st poster?
A) $1.00
B) $10.00
C) $11.00
D) It can't be determined from the information given.

Question

Table 12-9
 
-Refer to Table 12-9.What is the marginal cost of producing the 1st poster?
A) $1.00 
B) $10.00 
C) $11.00 
D) It can't be determined from the information given.

Quizplus · Accepted Answer

Marginal cost is the change in total cost divided by the change in quantity. In this case, the change in quantity is 1 poster, and the change in total cost is $1.00. Therefore, the marginal cost of producing the 1st poster is $1.00.

Table 12-9 -Refer to Table 12-9.What Is the Marginal Cost of Producing