The Table Given Below Shows the Total Revenue and Total

question 27

Multiple Choice

The table given below shows the total revenue and total cost of producing a commodity. Table 22.1
In Table 22.1, the marginal cost of producing the sixth unit of output is equal to _____.

• A)$700.
• B)$600.
• C)$500.
• D)$300.
• E)$200.

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Definitions:

Lost Sales

Potential sales that cannot be realized due to stockouts, inadequate inventory, or other operational issues.

Retailers

Retailers are businesses or individuals that sell goods directly to consumers, acting as the final link between manufacturers and the consuming public.

Transportation

The action of moving goods or people from one place to another using vehicles, vessels, or other means.

Facilities

Physical buildings and structures that are used for the production of goods or delivery of services.