Use the following to answer questions:
Figure: Maximizing Profit
-The change in total cost from producing the eighth unit of output is ______, and the change in total revenue from producing the seventh unit of output is ______.
A) $5; $14
B) $10; $70
C) $7; $6.50
D) $3.50; $6.50

Question

Use the following to answer questions:
Figure: Maximizing Profit 
-The change in total cost from producing the eighth unit of output is ______, and the change in total revenue from producing the seventh unit of output is ______.
A) $5; $14 
B) $10; $70 
C) $7; $6.50 
D) $3.50; $6.50

Quizplus · Accepted Answer

The change in total cost from producing the eighth unit of output is $5, and the change in total revenue from producing the seventh unit of output is $14.

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