The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm increases its output from 2 pounds of cookies to 3 pounds, the marginal cost is ________ per pound of cookies

A) $11
B) $15
C) $24
D) $39

B

Economics

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A windfall profit tax imposed on oil companies would shift the firms'

A) marginal tax rate. B) marginal cost curve. C) average cost curve. D) production function.

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One conceptual problem in assigning assets to M1, M2, etc. is

a. distinguishing money from "near monies." b. the problem of measuring asset size. c. the need to agree on a unit of account. d. the different size of financial assets.

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