26) When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases its production to 70,000 units of output, its total cost increases to $9.4 million. Within this range, the marginal cost of an additional unit of output is A) $4143. B) $134.29. C) $135. D) S145

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 4CQQ
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26) When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases its production
to 70,000 units of output, its total cost increases to $9.4 million. Within this range, the marginal cost of an
additional unit of output is
A) $41.43. B) $134.29. C) $135. D) S145
Transcribed Image Text:26) When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases its production to 70,000 units of output, its total cost increases to $9.4 million. Within this range, the marginal cost of an additional unit of output is A) $41.43. B) $134.29. C) $135. D) S145
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