Refer to Scenario 2. The marginal cost of the sixth unit of output is:
A) $1.33.
B) $7.50.
C) $8.00.
D) $45.00.
C
Economics
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Duration is
A) an asset's term to maturity. B) the time until the next interest payment for a coupon bond. C) the average lifetime of a debt security's stream of payments. D) the time between interest payments for a coupon bond.
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