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Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the second unit of output is $___

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the fifth unit of output is $___

Table 1.2 Total Output (Q) Total Cost(TC) 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Average total cost (ATC) at 20 units of output is $___

If the marginal costs exceed marginal revenue, the firm

If the total cost of producing 6 units is $228 and the total cost of producing 7 units is $245, what is the marginal cost of producing the seventh unit?

Table 1.2 Total Output Total Cost 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Marginal cost (MC) of the 30th unit of output is $___

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the eighth unit of output is $___

The additional cost a firm incurs from selling an extra unit of output is

Table 1.2 Total Output Total Cost 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Marginal cost (MC) of the 20th unit of output is $___