A firm's marginal cost is $30, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000.
B) between $40,000 and $40,050.
C) between $40,050 and $40,080.
D) greater than $40,080.
B
Economics
You might also like to view...
To improve your own bargaining position
a. have low valued outside options b. increase the value of outside options c. do not alter the value of your outside options d. increase the value of your opponent's outside options
Economics
Which of the following observations regarding economic goods is incorrect? a. They are limited in supply
b. They are desirable. c. They are solely low-priced essential goods. d. They are scarce goods created from scarce resources
Economics