The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question. 
The marginal cost of the third unit of output is
Definitions:
Increase in Supply
A situation where the quantity of a good or service available for sale at each price point rises, shifting the supply curve to the right.
Increase in Quantity
A rise in the amount of a certain good or service produced or supplied in the market.
Adoption of New Technology
The process by which new tools, systems, or services are embraced and utilized by individuals, businesses, or organizations.
Market for Cars
The economic environment involving the buying, selling, and production of automobiles.
Q90: A firm encountering economies of scale over
Q130: Answer the question on the basis of
Q134: One major point of disagreement between neoclassical
Q139: Marginal cost is the<br>A)rate of change in
Q141: If long-run average total cost decreases as
Q145: The following is cost information for the
Q198: If in the short run a firm's
Q212: The long run is a period of
Q251: Diseconomies of scale are caused by the
Q381: Assume that the only variable resource used