To produce 10 shirts, the total cost is $80; to produce 11 shirts, the total cost is $99. The average total cost of the 11th shirt is equal to
A) $8.
B) $9.
C) $80.
D) $99.
E) $19.
B
Economics
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Economists played a key role in the development of merger guidelines by the Department of Justice and the Federal Trade Commission in 1982. These guidelines have three main parts. What are these parts?
A) concentration ratios; the Herfindahl-Hirschman Index; market standards B) concentration standards; concentration ratios; competitive analysis C) economic analysis; political analysis; dynamic analysis D) market definition; measure of concentration; merger standards
Economics
Refer to the data. Marginal product becomes negative with the hiring of the __________ unit of labor
.
A. third
B. fourth
C. sixth
D. seventh
Economics