Use the Table Below to Answer the Following Question

question 173

Multiple Choice

Use the table below to answer the following question.

What is the marginal cost of producing the third unit of output?

• A) $20
• B) $44
• C) $70
• D) This cannot be determined from the data.

---

Definitions:

Accrued Interest

The interest that has accumulated on a bond since the last interest payment up to, but not including, the present date.

Semiannually

Occurring twice a year, typically every six months.

Accrued Interest

Interest that has been earned but not yet paid or received.

Accrued Interest

Accrued interest refers to the interest that has accumulated on a bond or loan since the last interest payment was made.