Table 5.3-Yearbook costs
(This table shows the total cost of producing yearbooks using a school's print shop. )
-In Table 5.3,marginal cost per yearbook,between 100 and 200 yearbooks is equal to:
A) $400.
B) $4.
C) $16.
D) $12.

Question

Table 5.3-Yearbook costs
(This table shows the total cost of producing yearbooks using a school's print shop. ) 
-In Table 5.3,marginal cost per yearbook,between 100 and 200 yearbooks is equal to:
A) $400. 
B) $4. 
C) $16. 
D) $12.

Quizplus · Accepted Answer

Marginal cost refers to the cost of producing one additional unit. If the cost increases by $400 when production increases from 100 to 200 yearbooks, the marginal cost per additional yearbook is $400 divided by the additional 100 yearbooks, which equals $4.

Table 5.3-Yearbook Costs (This Table Shows the Total Cost of Producing Yearbooks Using