Refer to Table 13-10. How many instructional modules are produced when the marginal cost is 1?

• A. 4 modules
• B. 6 modules
• C. 5 modules
• D. 7 modules

Answer: (C)

Verified step by step guidance

1. Identify the relationship between marginal cost (MC) and the quantity of instructional modules produced from Table 13-10. Marginal cost is the additional cost of producing one more unit.
2. Locate the marginal cost value of 1 in the table and observe the corresponding quantity of modules produced at that point.
3. Understand that the marginal cost of 1 means the cost to produce the next module is 1 unit of cost, so find the quantity where MC first equals 1.
4. Confirm that the quantity associated with MC = 1 is the number of modules produced at that marginal cost.
5. Conclude the number of instructional modules produced when the marginal cost is 1 based on the table data.