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If a firm holds a pure monopoly in the market and is able to sell 5 units of output at $4.00 per unit and 6 units of output at $3,90 per unit, it will produce and sell the sixth unit if its marginal cost is A. $3.90 or less B. $3.40 or less C. $3.50 or less D. $4.00 or less Answer: B

Respuesta :

Answer:

$3.40 0r less

Explanation:

In order to get marginal cost of the sixth unit

step 1 determine the total cost of producing 6 units  =   6 * $3.90 =  $23.4

step 2 : determine the total cost of producing 5 units  =  5 * $4 =      $20

the cost of producing the additioanl sixth unit =  $23.4 - $20 =  $3.40

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