Table 14-3
Consider the following demand and cost information for a monopoly.

-Refer to Table 14-3.The marginal cost of the 4th unit is
A) $7.
B) $12.
C) $25.
D) $60.

Name: Table 14-3 Consider the following demand and cost information for a monopoly. -Refer to Table 14-3.The marginal cost of the 4th unit is A) $7. B) $12. C) $25. D) $60.
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Question

Table 14-3
Consider the following demand and cost information for a monopoly.
 
-Refer to Table 14-3.The marginal cost of the 4th unit is
A) $7. 
B) $12. 
C) $25. 
D) $60.

Quizplus · Accepted Answer

The marginal cost of the 4th unit is $7, which is the difference between the total cost of producing 4 units and the total cost of producing 3 units.

Table 14-3 Consider the Following Demand and Cost Information for a Monopoly