if-the-total-cost-of-producing-100-units-is-500-and-the-total-cost-of-producing-

Question

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?

Accepted Answer

$5

Answer

$500

Answer

$505

Answer

$0.05

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?