Exhibit 7-9 Cost schedule for firm X
OutputQuantity
Total FixedCost
Total VariableCost
0
$100
$ 0
1
100
50
2
100
84
3
100
108
4
100
127
5
100
150
As shown in Exhibit 7-9, the marginal cost of producing the third unit is:
A. $50.
B. $16.
C. $24.
D. $23.
Answer: C
Economics
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