A bakery finds that the cost of producing 50 loaves of bread is \$250, and the cost of producing 51 loaves is \$255. What is the marginal cost of the 51st loaf?

Which of the following is a variable cost in the context of pizza production?

If the total cost of producing 30 units is \$600 and the total cost of producing 31 units is \$620, what is the marginal cost of the 31st unit?

If adding a third worker increases total output from 100 to 150 units and total cost from \$500 to \$600, what is the marginal cost of the additional output?

Which type of cost primarily affects the calculation of marginal cost?

In a factory, as more workers are hired, the additional output per worker decreases. What effect does this have on marginal cost?

Why is marginal cost important in decision-making for firms?

Which statement best describes the role of fixed and variable costs in marginal cost analysis?

What is the typical shape of a marginal cost curve?

If the total cost of producing 100 units is \$500 and the total cost of producing 101 units is \$505, what is the marginal cost of the 101st unit?