(Table: Marginal Cost of Sweatshirts) Look at the Table Marginal

question 190

Essay

(Table: Marginal Cost of Sweatshirts) Look at the table Marginal Cost of Sweatshirts.The marginal cost of the fourth sweatshirt is:
A.$9.
B.$20.
C.$24.
D.$15.

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Definitions:

Complement

In economics, a good or service that is used together with another good or service, increasing the demand for both.

Quantity Demanded

The amount of a good or service consumers are willing to buy at a specific price, holding all other factors constant.

Demand

The desire of purchasers, consumers, clients, or buyers for a product or service, coupled with the capacity to pay for it.

Demand

The willingness and ability of consumers to purchase goods and services at various price points, at a given time.