Question: Use the table to answer the question that follows. Number of Units Produced Average Total Cost 1 9 2 10 3 12 4 15 5

Use the table to answer the question that follows.

Number of Units Produced Average Total Cost
1 9
2 10
3 12
4 15
5 16

What is the marginal cost of the third unit produced?

$12

$16

$24

$36

Indeterminate

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