Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
Answer:
$4.20
Explanation:
First and foremost, the marginal cost is the cost incurred in producing an extra unit of output, in this case, the marginal cost of eight-unit is the extra cost of producing one more after 7 units have been produced
Total Cost of producing 7 units=$5.00*7=$35.00
Total Cost of producing 8 units=$4.90*8=$39.20
Marginal cost of eight unit=Total Cost of producing 8 units-Total Cost of producing 7 units
Marginal cost of eight unit=$39.20-$35.00
Marginal cost of eight unit=$4.20
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
