What Is the Marginal Cost of the 120^th Unit of Output

question 111

Multiple Choice

What is the marginal cost of the 120^th unit of output in Figure 21.2?

• A) $1.20.
• B) $200.00.
• C) $208.00.
• D) $288.00.

---

Definitions:

Firm's Output

The total quantity of goods or services produced by a company.

Break-Even Point

The juncture where a business's total expenses match its total income, resulting in neither a profit nor a loss.

Firm's Output

The total quantity of goods or services produced by a company over a specific period.

Shutdown Point

The level of production and price point at which a company's revenue just covers its variable costs, below which the firm would cease operations to minimize losses.