The table given below shows the total revenue and total cost of producing a commodity.Table 9.1

-In Table 9.1, the marginal cost of producing the sixth unit of output is equal to _____.
A)$700
B)$600
C)$500
D)$300
E)$200

Question

The table given below shows the total revenue and total cost of producing a commodity.Table 9.1
 
-In Table 9.1, the marginal cost of producing the sixth unit of output is equal to _____.
A)$700 
B)$600 
C)$500 
D)$300 
E)$200

Quizplus · Accepted Answer

The marginal cost of producing the sixth unit of output is equal to the change in total cost between producing five units and producing six units. From the table, we can see that the total cost of producing five units is $3,000 and the total cost of producing six units is $3,700. Therefore, the marginal cost of producing the sixth unit of output is $3,700 - $3,000 = $700.

The Table Given Below Shows the Total Revenue and Total