Question

The marginal cost is at a minimum in table 5.3 when?? 100/1200, 200/1600, 300/1800, 400/2200 Is the answer a) the first 100 units are produced. B) output increases from 300 units to 400. C) output increases from 100 to 200 units. D) output increases from 200 to 300 units

Answer 1

Answer:

  D) output increases from 200 to 300 units

Step-by-step explanation:

The marginal cost is the slope of the cost curve. You can see from a graph that it is a minimum between 200 and 300 units.