Complete Table 21 $$\text { Table } 21.5$$ The Marginal Cost of the Third Unit of Output in }

question 27

Multiple Choice

Complete Table 21.5:
$$\begin{array}{l}\begin{array} { l ll l l l } Q&TFC&TVC&TC&AVC&MC\\0&\_\_\_\_\_&\_\_\_\_\_&15&--&--\\1&\_\_\_\_\_&\_\_\_\_\_&23&\_\_\_\_\_&\_\_\_\_\_\\2&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&4\\3&\_\_\_\_\_&15&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_\end{array}\end{array}$$
$$\text { Table } 21.5$$ The marginal cost of the third unit of output in Table 21.5 is

• A) $4.
• B) $3.
• C) $30.
• D) $15.

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Definitions:

President Bill Clinton

The 42nd President of the United States, serving from 1993 to 2001, and a member of the Democratic Party known for his policies on welfare reform, healthcare, and the economy.

Hillary Clinton

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