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The Sunshine Corporation finds its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the
The Sunshine Corporation finds its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
Output | TVC |
1 | $30 |
2 | 50 |
3 | 65 |
4 | 85 |
5 | 110 |
Refer to the above information. The marginal cost of the 3 unit of output is:
Group of answer choices
A.$105.
B.$25.
C.$15.
D.$20.
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