Question

In the short​ run, a​ firm's total costs of producing the hundredth unit of output equal ​$9 comma 000. If it produces one more​ unit, its total costs will increase to ​$9 comma 200. What is the marginal cost of the 101st unit of​ output? ​$ nothing ​(Round your answer to the nearest cent.​)

Answer 1

Marginal cost = $200

Step-by-step explanation:

Marginal cost is defined as the change in total cost when output changes by one unit. In the short run.

It is the amount by which total costs will increase as a result of producing additional one more unit of a product.

Marginal cost =$9200 - $9,000 = $200