Refer to the Table Shown A)$2
B)$3

question 148

Multiple Choice

Refer to the table shown. The marginal cost of producing the fourth unit of output is: $\begin{array}{|c|c|}\hline \text { Units of output } & \text { Total cost } \\\hline0 & 5 \\\hline 1 & 11 \\\hline 2 & 16 \\\hline 3 & 20 \\\hline 4 & 23 \\\hline 5 & 25 \\\hline 6 & 26 \\\hline\end{array}$

• A)$2.
• B)$3.
• C)$4.
• D)$5.

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Definitions:

Demand for Money

The desire or need by individuals and businesses to hold money instead of other assets, due to its liquidity and ability to facilitate transactions.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the principal, charged by lenders to borrowers for the use of assets.

Supply of Money

The overall pool of monetary resources in an economy at a given period.

Interest Rate

The cost of borrowing money or the return on savings, often expressed as a percentage of the principal.