12
6
10
2
9
Correct answer is C
The marginal cost is the additional cost incurred in the production of an extra unit of a commodity.
From the table above, the firm incurred an extra cost of N10 to produce an extra unit of the commodity at 3 units.
At 2 units, it spent N32. When it increased the unit of output from 2 to 3, it was produced at N42 thereby incurring an additional cost of N10 in the production cost.
That is, 42 - 32 = 10
The national income of a country can be estimated by the ...
The main concern of economists is to ...
Which of the following is a benefit to a member country of World Bank? ...
An entrepreneur will continue to employ labour up to a point where ...
In an open economy, the GNP is measured as_____________? ...
Which of the following serves as a banker's bank? ...
If two commodities are unrelated, a change in the price of one will___________ ...
A business outfit is said to be a public limited company when it ...
If the price Index of export is 140% and import is 200%, what is ...