-Refer to the above table. When output rises from 3 units to 4 units, marginal costs are
A) $16.
B) $10.
C) $22.
D) $31.

Name: -Refer to the above table. When output rises from 3 units to 4 units, marginal costs are A) $16. B) $10. C) $22. D) $31.
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Question

-Refer to the above table. When output rises from 3 units to 4 units, marginal costs are
A) $16. 
B) $10. 
C) $22. 
D) $31.

Quizplus · Accepted Answer

Marginal cost is the change in total cost when the output is increased by one unit. From the table, when output increases from 3 units to 4 units, the total cost increases from $60 to $82. Therefore, the marginal cost is $82 - $60 = $22.

-Refer to the Above Table