The marginal cost is how much it costs to produce one item more. It cost 0$ to produce 0 bikes but if you make one, then it costs 80$. Hence the marginal cost for the first bike is 80$. For the fourth bike, we have that the 3 bikes cost 110$ and the 4 bikes cost 130$. Hence it costs 20$ dollars to produce one more bike (from 3rd to 4th) and hence the marginal cost is 20$. Similarly for the 6th bike, we compare the cost of producing 5 bikes to the cost of producing 6 bikes and we get that the marginal cost is 50$. Applying the same methodology, the marginal cost for the 7th bike is 60$.
Your answer is correct they report to the governor.
Explanation:
(a) Experimental unit
A person or an object, or some well-defined body or item on which some treatment is applied
(b) Treatment
Combination of a values of factors. These are explanatory variables.
(c) Response variable
The qualitative variable or quantitative variable in which the researcher wants to determine how the value is affected by any explanatory variable.
(d) Factor
It is the variable whose influence on a response variable can be assessed by the researcher.
(e) Placebo
An innocuous treatment, like a sugar tablet, which looks, smells and tastes like an experimental medication.
(f) Confounding
The effect of the two factors cannot be distinguished.
