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Answer the question on the basis of the following cost data. 15 Average Fixed Output Cost Average Variable Cost 1 $ 50.00 $ 100.00 2

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Answer the question on the basis of the following cost data. 15 Average Fixed Output Cost Average Variable Cost 1 $ 50.00 $ 100.00 2 25. 00 80.00 3 16.67 66.67 4 12.50 65.00 Book 5 10.00 58.00 6 8. 37 73. 33 7 7.14 80.06 8 6.25 87.50 The marginal cost of the eighth unit of output is Multiple Choice $6.25 $700 00 O $140.00 $750.00

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