Asked by Fantasia Jessie on May 06, 2024

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(Table: Costs of Producing Bagels) Use Table: Cost of Producing Bagels.The marginal cost of producing the sixth bagel is:

A) $0.10.
B) $0.15.
C) $0.20.
D) $0.80.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service, reflecting the cost of producing that marginal unit.

Producing Bagels

The process of making bagels, which involves mixing, shaping, boiling, and baking dough in a manner that achieves a distinct taste and texture.

Total Cost

A comprehensive collection of costs involved in manufacturing goods or services, covering both stable and changeable expenses.

  • Acquire knowledge of the concept of marginal cost and its importance in production decision-making.
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SA
Sports ArenaMay 13, 2024
Final Answer :
C
Explanation :
To find the marginal cost of producing the sixth bagel, we need to look at the difference in costs between producing five and six bagels. The total cost of producing five bagels is $2.80 and the total cost of producing six bagels is $3.00. The difference between the two is $0.20, which is the marginal cost of producing the sixth bagel. Therefore, the answer is C) $0.20.