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sinerus sinerus
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6 years ago
In the short run, the marginal cost of the first unit of output is $20, the average variable cost of producing three units of output is $16, and the marginal cost of producing the second unit of output is $16. What is the marginal cost of producing the third unit of output?
A) $12
B) $16
C) $20
D) $48
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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6 years ago
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sinerus Author
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6 years ago
Good timing, thanks!
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alpheratz
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Helped a lot
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