In the table below,what are the marginal costs of the fourth unit of output? $$\begin{array} { c c }
\begin{array} { c }
\text { Total } \
\text { Output }
\end{array} & \begin{array} { c }
\text { Total } \
\text { Variable Cost }
\end{array} \
\hline 0 & \$ 0 \
1 & \$ 10,000 \
2 & \$ 20,000 \
3 & \$ 30,000 \
4 & \$ 40,000 \
\hline
\end{array}$$
A)$10,000
B)$20,000
C)$30,000
D)$40,000

Question

In the table below,what are the marginal costs of the fourth unit of output? $$\begin{array} { c c } 
\begin{array} { c } 
\text { Total } \
\text { Output }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Variable Cost }
\end{array} \
\hline 0 & \$ 0 \
1 & \$ 10,000 \
2 & \$ 20,000 \
3 & \$ 30,000 \
4 & \$ 40,000 \
\hline
\end{array}$$
A)$10,000
B)$20,000
C)$30,000
D)$40,000

Quizplus · Accepted Answer

Marginal cost is the change in total variable cost divided by the change in output. In this case, the change in output is 1 unit (from 3 units to 4 units), and the change in total variable cost is $10,000 (from $30,000 to $40,000). Therefore, the marginal cost of the fourth unit of output is $10,000.

In the Table Below,what Are the Marginal Costs of the Fourth