Total Total Average Average Fixed Variable Total Variable Total Marginal Output (Q) Cost Cost Cost Cost Cost Cost 150 $500 $400 $900 $2.67 200 $500 $800 $1,300 $6.50 The table above shows costs for a firm. When Output (Q) changes from 150 to 200, Marginal Cost (MC) is equal to: Select one: а. $400 O b. $8.00 O c. $4.00 O d. $5.00

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Question
36
Total
Total
Average
Average
Output
Fixed
Variable
Total
Variable
Total
Marginal
(Q)
Cost
Cost
Cost
Cost
Cost
Cost
I of
150
$500
$400
$900
$2.67
200
$500
$800
$1,300
$6.50
The table above shows costs for a firm. When Output (Q) changes from 150 to 200, Marginal Cost (MC) is equal to:
Select one:
a. $400
b. $8.00
c. $4.00
d. $5.00
Transcribed Image Text:36 Total Total Average Average Output Fixed Variable Total Variable Total Marginal (Q) Cost Cost Cost Cost Cost Cost I of 150 $500 $400 $900 $2.67 200 $500 $800 $1,300 $6.50 The table above shows costs for a firm. When Output (Q) changes from 150 to 200, Marginal Cost (MC) is equal to: Select one: a. $400 b. $8.00 c. $4.00 d. $5.00
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