5. Quantity Variable cost Total cost 0 $0 $40 1 20 60 2 50 90 3 90...

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5. Quantity Variable cost Total cost 0 $0 $40 1 20 60 2 50 90 3 90 130 4 140 180 5 200 240 On the basis of the data in the table above, what is the marginal cost of the third unit of output?

a. 40

b. 50

c. 60

d. 90

e. 130

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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