Exhibit 21-8 ​

question 205

Multiple Choice

Exhibit 21-8
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-Exhibit 21-8 shows how output varies with the only variable input used in its production. If the cost of a unit of labor is $500, what is the approximate marginal cost of the 185th unit of output?

• A)$2.50
• B)$16.67
• C)$12.50
• D)$50.00
• E)$100.00