Asked by Kristen Phelps on Jun 02, 2024
Verified
(Table: Marginal Cost of Sweatshirts) Use Table: Marginal Cost of Sweatshirts.The marginal cost of the third sweatshirt is:
A) $33.
B) $13.
C) $11.
D) $9.
Marginal Cost
The additional cost incurred in producing one more unit of a good or service, crucial for decision-making about production levels.
- Understand the concept of marginal cost and how it affects decision-making in production.
Verified Answer
CD
Clara DvorakJun 03, 2024
Final Answer :
B
Explanation :
The marginal cost of an item is the cost of producing one additional unit of this item. If the cost of producing the third sweatshirt specifically is given as $13, then that is the marginal cost for the third sweatshirt.
Learning Objectives
- Understand the concept of marginal cost and how it affects decision-making in production.
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