The Table Given Below Shows the Total Cost of Producing

question 52

Multiple Choice

The table given below shows the total cost of producing different units of the output by a competitive firm. Table 21.4
In Table 21.4, at 4 units of output marginal cost is:

• A)$10.
• B)$15.
• C)$20.
• D)$25
• E)$30.

---

Definitions:

Technology Improvements

Enhancements and advancements in various technological fields that lead to better efficiency, productivity, or utility.

Substitute Good

A product or service that can be easily replaced with another by consumers if it becomes too expensive or is unavailable.

Suppliers

Entities that provide goods or services to another company or individual, often as part of a supply chain or market.

Laptops

Portable personal computers with a clamshell form factor, suitable for mobile use and equipped with a screen and alphanumeric keyboard.