Table 5.2-Jeans Production
-What is the marginal cost of the 40^th pair of jeans in Table 5.2?

Name: Table 5.2-Jeans Production -What is the marginal cost of the 40 th pair of jeans in Table 5.2?
Brand: Quizplus
Rating: 4.8 (63 reviews)

Question

Table 5.2-Jeans Production -What is the marginal cost of the 40^th pair of jeans in Table 5.2?

Quizplus · Accepted Answer

The marginal cost is the cost of producing one more unit of a good. In this case, the 40th pair of jeans has a marginal cost of $11.00, which is the additional cost incurred in producing the 40th pair compared to the 39th.