
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Refer to the screenshot of the table. What is the marginal cost of producing the 4th units of the good?

Transcribed Image Text:Total Fixed
Total Variable
Average Fixed
Average
Output
Cost
Cost
Total Cost
Cost
Variable Cost
Average Total Cost Marginal Cost
1
$500
$200
2
$800
3
$875
$25
4
$925
????
$100
6
$450
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