Refer to the data. The marginal cost of the fourth unit of output is:
Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10:
A. $2.
B. $12.
C. $37.
D. $16.
C. $37.
Economics
You might also like to view...
Peanuts are $3 per pound and cashew nuts are $5 per pound. If the marginal utility from consuming the last pound of cashew nuts equals 15 utils, then the marginal utility from consuming the last pound of peanuts in consumer equilibrium should equal: a. 18 utils. b. 15 utils. c. 9 utils
d. 5 utils.
Economics
Which panel of Figure 3.3 represents the changes in the market for student housing when university enrollment increases and at the same time the university destroys several older residence halls and apartment buildings?
A. A. B. B. C. C. D. D.
Economics