Please answer the correct answer ASAP pleaseDon't answer by pen paper please calculation correct 45116Output0123Total Cost$30$40$60$90$110$125$135$140Refer to Table 21-4. The marginal cost of producing the seventh unit of output isa $12.14.Ob. $85.00.$21.00.Od $5.00.k

Marginal cost can be defined as change in total cost of production that arises from making or…

Answered: 5 6 17 Output 0 2 3 Total Cost Ob.…

5 6 17 Output 0 2 3 Total Cost Ob. $85.00. $21.00. $30 $40 $60 $90 $110 $125 $135 $140 Refer to Table 21-4. The marginal cost of producing the seventh unit of output is a $12.14.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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Question

Please answer the correct answer ASAP please

Don't answer by pen paper please calculation correct

4
51
16
Output
0
1
2
3
Total Cost
$30
$40
$60
$90
$110
$125
$135
$140
Refer to Table 21-4. The marginal cost of producing the seventh unit of output is
a $12.14.
Ob. $85.00.
$21.00.
Od $5.00.
k

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