Exhibit 7-7 Cost Schedule for a Firm -In Exhibit 7-7, by Filling in the Blanks, It Can

Exhibit 7-7 Cost schedule for a firm $$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Total Cost } & \text { Marginal Cost } \\\hline 0 & \$ 200 & \\1 & 900 & \\2 & & \$ 900 \\3 & 3,000 & \\\hline\end{array}$$
-In Exhibit 7-7, by filling in the blanks, it can be determined that the marginal cost of the third unit of output is:

A) 0.
B) 200.
C) 700.
D) 1,200.
E) 2,000.

Correct Answer:

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