The Following Table Shows the Cost of Producing Different Units

question 23

Multiple Choice

The following table shows the cost of producing different units of ball point pens by a firm.Table 8.1

-Refer to Table 8.1. What is the marginal cost of producing the fifth unit?

• A)$4
• B)$6
• C)$8
• D)$2
• E)$10

---

Definitions:

French Fries

Deep-fried potato strips, known for their crispy texture and often served as a side dish or snack, popularized in American and European cuisines.

Indifference Curve

A graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent.

Slope

In mathematics, the measure of the steepness or incline of a line, typically defined as the ratio of the vertical change to the horizontal change.

Utility Function

An economic concept that measures preferences over a set of goods and services, reflecting satisfaction or happiness.