Refer to the information provided in Figure 8.5 below to answer the questions that follow. Figure 8.5
-Refer to Figure 8.5. The marginal cost of the sixth oven is
A) $50.00.
B) $66.67.
C) $108.33.
D) indeterminate from this information.

Question

Refer to the information provided in Figure 8.5 below to answer the questions that follow.  Figure 8.5
-Refer to Figure 8.5. The marginal cost of the sixth oven is
A) $50.00. 
B) $66.67. 
C) $108.33. 
D) indeterminate from this information.

Quizplus · Accepted Answer

Based on the information provided in the graph, the marginal cost of the sixth oven is $66.67, which is the rate of change between the total cost of producing six and seven ovens. Therefore, the best choice would be to produce six ovens, as producing any additional ovens would result in higher costs.

Refer to the Information Provided in Figure 8