Number of FigsVCMCAVCFCTCATC0???100??19090????2?????1353??80???4????400?Table 8.4Table 8.4 presents the cost schedule for David's Figs. If David produces two figs, David's marginal costs are:

A. $80.
B. $90.
C. $100.
D. $170.


Answer: A

Economics

You might also like to view...

If the real interest rate is 2% and expected inflation is 2%, the nominal interest rate is:

A) 0% B) 1% C) 2% D) 4%

Economics

What would the Herfindahl-Hirschman Index equal for an industry consisting of 20 firms with each holding a 5% market share?

a. 20 b. 100 c. 500 d. 2,500

Economics

Consider the following two statements to answer this question:

(1) The bubble policy allows a facility to measure its emissions as an average of all emission points from that facility. (2) Netting was developed as a trading program to control emissions in PSD areas. a. (1) is true and (2) is false c. (1) is false and (2) is true b. both (1) and (2) are false d. both (1) and (2) are true

Economics

Index funds are often preferred to other mutual funds because:

A. they have greater liquidity. B. on average they have lower management fees. C. they offer greater diversification. D. they are managed better.

Economics