Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The marginal damage cost imposed as a result of producing cars is
A. $5.00 per car.
B. $10.00 per car.
C. $15.00 per car.
D. indeterminate from this information.
Answer: B
You might also like to view...
As the capital-labor ratio increases, break-even investment
A) increases at a decreasing rate. B) increases at an increasing rate. C) increases at a constant rate. D) remains unchanged.
According to the quantity theory of money, a shortage of money should result in deflation (falling prices) or negative growth (decreasing quantities of output)
Indicate whether the statement is true or false
A firm will shut down in the short run if
A) total fixed costs are too high. B) total revenue from operating would not cover all costs. C) total revenue from operating would not cover variable costs. D) total revenue from operating would not cover fixed costs.
Efficiency in the choice of outputs requires that marginal cost be equal to marginal revenue and nothing else.
Answer the following statement true (T) or false (F)