# Consider the following table. What is the marginal cost of producing the fifth unit of output? |...

## Question:

Consider the following table. What is the marginal cost of producing the fifth unit of output?

Quantity of Output | Fixed Cost | Variable Cost |

0 | $20 | $0 |

1 | $20 | $10 |

2 | $20 | $40 |

3 | $20 | $80 |

4 | $20 | $130 |

5 | $20 | $200 |

6 | $20 | $300 |

## Quantity of Output:

The quantity of output signifies the total number of products manufactured by the firms with the available resources and technologies. The quantity of output varies with the availability of inputs and the total cost incurred from purchasing them.

## Answer and Explanation: 1

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View this answerThe total cost experienced by the firm in producing output includes fixed (FC), and variable cost (VC) incurred from employing input factors.

{eq}TC...

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Chapter 3 / Lesson 12What is marginal cost? Learn how to calculate marginal cost with the marginal cost formula. See the definition, behavior, and marginal cost examples.

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