The Following Table Shows the Total Output, Variable Costs, Fixed

question 59

Multiple Choice

The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank.

-Refer to the table above.What is the marginal cost when the firm produces 5 units of output?

• A) $10
• B) $0.50
• C) $1
• D) $2

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