-Refer to the above table. When output rises from 2 units to 5 units, marginal costs are
A) $26.50.
B) $31.
C) $21.
D) $63.

Question

-Refer to the above table. When output rises from 2 units to 5 units, marginal costs are
A) $26.50. 
B) $31. 
C) $21. 
D) $63.

Quizplus · Accepted Answer

Marginal cost (MC) is the change in total cost that arises when the quantity produced changes by one unit. To find the MC when output rises from 2 units to 5 units, subtract the total cost at 2 units from the total cost at 5 units, then divide by the change in units (5-2 = 3 units). The specific costs are not provided in the question, but based on the correct answer provided (C), the calculation would follow this logic.

-Refer to the Above Table