The output and cost pattern of a product are given.
Output(q) $0$ $1$ $2$ $3$ $4$ $5$
Total in Rs. cost (Tc) $36$ $44$ $51$ $56$ $73$ $81$
Find marginal cost of $4$ th unit of production.

17

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Solution

The correct option is B $17$
Marginal cost of the 4th unit is the change in total cost due to the production of the 4th unit.

MC = $T C_{4}$ - $T C_{3}$
= 73 - 56
= 17

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Output(q)	$0$	$1$	$2$	$3$	$4$	$5$
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The output and cost pattern of a product are given.Output(q)012345Total in Rs. cost (Tc)364451567381Find marginal cost of 4th unit of production.

The correct option is B 17Marginal cost of the 4th unit is the change in total cost due to the production of the 4th unit.MC = TC4 - TC3 = 73 - 56 = 17

The output and cost pattern of a product are given.
Output(q) $0$ $1$ $2$ $3$ $4$ $5$
Total in Rs. cost (Tc) $36$ $44$ $51$ $56$ $73$ $81$
Find marginal cost of $4$ th unit of production.

The correct option is B $17$
Marginal cost of the 4th unit is the change in total cost due to the production of the 4th unit.

MC = $T C_{4}$ - $T C_{3}$
= 73 - 56
= 17