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A company's total cost of producing widgets is shown in the table below. What is the marginal cost of producing the 3rd widget?
| Quantity of Widgets | Total Cost |
|---|---|
| 0 | $10 |
| 1 | $15 |
| 2 | $22 |
| 3 | $32 |
| 4 | $45 |
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.3 Doing the best you can: Scarcity, wellbeing, and working hours - The Economy 2.0 Microeconomics @ CORE Econ
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A company's total cost of producing widgets is shown in the table below. What is the marginal cost of producing the 3rd widget?
Quantity of Widgets Total Cost 0 $10 1 $15 2 $22 3 $32 4 $45 Numerical Approximation of a Derivative