Given the data provided in the table below, what will the marginal cost be equal to if
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Question:
Given the data provided in the table below, what will the marginal cost be equal to if the current level of production is (Q) level 5 and then production will increase to the quantity (Q) level 6?
Q | P | TC | TR | MR | MC | Profit |
0 | $6 | $10 | ||||
1 | $6 | $13 | ||||
2 | $6 | $18 | ||||
3 | $6 | $23 | ||||
4 | $6 | $31 | ||||
5 | $6 | $35 | ||||
6 | $6 | $38 | ||||
7 | $6 | $41 |
Please type the answer in the answer box without the "$".
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