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What Is the Marginal Cost of Producing the Fifth Unit

Question 65

Multiple Choice

What is the marginal cost of producing the fifth unit?

 No. Units Produced  Total Revenue Total Costs 0001100502180110325018042902705310380\begin{array} { c c c } \text { No. Units Produced } & \text { Total Revenue } & \text {Total Costs } \\0 & 0 & 0 \\ 1 & 100 & 50 \\ 2 & 180 & 110 \\ 3 & 250 & 180 \\ 4 & 290 & 270 \\ 5 & 310 & 380 \end{array}


A) 270
B) 110
C) 50
D) 0

Correct Answer:

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