Skip to main content

My Courses

Calculators AI Tools Study Prep Blog Study Prep Home

Marginal Cost

10. The Costs of Production / Marginal Cost / Problem 3

Problem 3

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?

A

\$20

B

\$600

C

\$620

D

\$31