Theory of the Firm: Costs, Revenues, and Objectives
Question 1 of 5
Time left:
00:00
✓
Free Economics Q & A Practice
1 of 5 free exam-style exercises in this topic
Marginal cost of the fourth unit
Output
Total cost
TC3 = $86
TC4 = $112
MC4 = ?
Evidence
Value
Output 3
Total cost $86
Output 4
Total cost $112
Required
Change in total cost
Total cost is $86 at output 3 and $112 at output 4. What is marginal cost of the fourth unit?
Select one option.
A
$26
B
$18
C
$22
D
$30
E
$34
Submit
You have used 0 of 1 attempt
Show Explanation
Next
▶