-Refer to the above table. When output rises from 2 units to 3 units, marginal costs are
A) $7.
B) $10.
C) $22.
D) $41.

Name: -Refer to the above table. When output rises from 2 units to 3 units, marginal costs are A) $7. B) $10. C) $22. D) $41.
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Question

-Refer to the above table. When output rises from 2 units to 3 units, marginal costs are
A) $7. 
B) $10. 
C) $22. 
D) $41.

Quizplus · Accepted Answer

Marginal cost is the change in total cost when output increases by one unit. If the total cost for 2 units is $41 and for 3 units is $51, the marginal cost is $51 - $41 = $10.

-Refer to the Above Table