Question

Fill in the blank question. Suppose a snowboard manufacturer increases its output by 1 snowboard per day. As a result, the total cost of producing snowboards each day rises from $100 to $110. The marginal cost of producing an extra snowboard is

Answer 1

The marginal cost of producing an extra snowboard for the snowboard manufacturer is $10.

What is marginal cost?

Marginal cost is the change in total costs that results when additional output is produced.

Marginal cost is the incremental cost that is experienced with a unit increase in output.

Thus, the marginal cost of producing an extra snowboard for the snowboard manufacturer is $10.

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