Narrbegin Exhibit 6.5 Cost schedule for a firm
$$\begin{array} { | c | c | c | }
\hline \text { Quantity } & \text { Tatal cost (\$) } & \text { Marginal cost (\$) } \
\hline 0 & 200 & \
\hline 1 & 900 & \
\hline 2 & & 900 \
\hline 3 & 3000 & \
\hline
\end{array}$$
-In Exhibit 6.5, by filling in the blanks it can be determined that the marginal cost of the first unit of output is:

Question

Narrbegin Exhibit 6.5 Cost schedule for a firm
 $$\begin{array} { | c | c | c | } 
\hline \text { Quantity } & \text { Tatal cost (\$) } & \text { Marginal cost (\$) } \
\hline 0 & 200 & \
\hline 1 & 900 & \
\hline 2 & & 900 \
\hline 3 & 3000 & \
\hline
\end{array}$$
-In Exhibit 6.5, by filling in the blanks it can be determined that the marginal cost of the first unit of output is:

Quizplus · Accepted Answer

To determine the marginal cost of the first unit, we need to look at the change in total cost between producing zero units and one unit. From the table, we can see that the total cost of producing one unit is $700, and the total cost of producing zero units is $0. Therefore, the marginal cost of the first unit is $700 ($700 - $0 = $700).

Narrbegin Exhibit 6 -In Exhibit 6