Suppose you are producing 2 units of output (Q=2), if you want to produce one extra unit of output (Q=3), what would be the marginal cost?
Output is 1 and SRTC is 400 and TR is $55. I don't know that you need this, but I have to show my work.
marginal cost(MC)=change in total cost(TC)/change in quantity (Q)
hence MC=change TC/change Q
given outputs Q1=2units and Q2=3units and SRTC(short run total cost)=400
but also SRMC= change in SRTC/change Q
that is the marginal cost considering fact you are given short run total cost as 400
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