Answer the question on the basis of the following cost data: $$\begin{array} { c c c }
&&\text { Total } \
\text { Output }&&\text { Cost }\
\hline
0 & & \$ 24 \
1 & & 33 \
2 & & 41 \
3 & & 48 \
4 & & 54 \
5 & & 61 \
6 & & 69
\end{array}$$ Refer to the data.The marginal cost of producing the sixth unit of output is:

Question

Answer the question on the basis of the following cost data: $$\begin{array} { c c c } 
&&\text { Total } \
\text { Output }&&\text { Cost }\
\hline
0 & & \$ 24 \
1 & & 33 \
2 & & 41 \
3 & & 48 \
4 & & 54 \
5 & & 61 \
6 & & 69
\end{array}$$ Refer to the data.The marginal cost of producing the sixth unit of output is:

Quizplus · Accepted Answer

The marginal cost is the change in total cost when one more unit is produced. From 5 to 6 units, the total cost increases from $61 to $69, so the marginal cost is $69 - $61 = $8.

Answer the Question on the Basis of the Following Cost