Asked by
Stephen Gbedemah
on Nov 28, 2024Verified
Answer the question on the basis of the following cost data: Total Output Cost 0$24133241348454561669\begin{array} { c c c } &&\text { Total } \\\text { Output }&&\text { Cost }\\\hline0 & & \$ 24 \\1 & & 33 \\2 & & 41 \\3 & & 48 \\4 & & 54 \\5 & & 61 \\6 & & 69\end{array} Output 0123456 Total Cost $24334148546169 Refer to the data.The marginal cost of producing the sixth unit of output is:
A) $24.
B) $12.
C) $16.
D) $8.
Marginal Cost
The additional expense associated with creating another unit of a product or service.
Total Cost
The aggregate expenditure related to the manufacturing of products or services, which includes both stable and changeable costs.
- Ascertain particular cost values (MC, ATC, AVC, AFC) through the data at hand.
Verified Answer
SG
Learning Objectives
- Ascertain particular cost values (MC, ATC, AVC, AFC) through the data at hand.