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Use the table to answer the question that follows. Number of Units Produced Average Total Cost 1 9 2 10 3 12 4 15 5
Use the table to answer the question that follows.
| Number of Units Produced | Average Total Cost |
|---|---|
| 1 | 9 |
| 2 | 10 |
| 3 | 12 |
| 4 | 15 |
| 5 | 16 |
What is the marginal cost of the third unit produced?
$12
$16
$24
$36
Indeterminate
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
