-In the above table, the marginal cost of the seventh unit is
A) $4.00.
B) $5.00.
C) $3.00.
D) $33.00.

Question

-In the above table, the marginal cost of the seventh unit is
A) $4.00. 
B) $5.00. 
C) $3.00. 
D) $33.00.

Quizplus · Accepted Answer

The marginal cost of the seventh unit is the difference between the total cost of producing seven units and the total cost of producing six units. From the table, we can see that the total cost of producing seven units is $37.00 and the total cost of producing six units is $33.00. Therefore, the marginal cost of the seventh unit is $37.00 - $33.00 = $4.00.

-In the Above Table, the Marginal Cost of the Seventh