For a cost function C = 100 + 10Q + Q2, the marginal cost of producing 10 units of output is:
A. 200.
B. 10.
C. 210.
D. None of the answers are correct.
Answer: D
You might also like to view...
A citizen who acquires good information about the candidates before voting in a presidential election thereby
A) imposes spillover costs on all other registered voters. B) increases the probability others will also acquire information before voting. C) incurs a substantial cost; yet, his vote no discernible effect on the election. D) makes it much more likely a candidate will be elected who will promote that voter's interests. E) makes it much more likely a good candidate will be elected.
When total utility is falling
A) marginal utility is at a maximum. B) marginal utility is at zero. C) marginal utility is negative. D) marginal utility has decreased, but is now increasing.
When there is only one buyer of labor in a community, we talk of a
A. monopsony. B. labor cooperative. C. monopoly. D. monopolistic market.
An economy produces only 500,000 tables valued at $100 each. Of these, 100,000 are sold to consumers, 200,000 are sold to businesses, 100,000 are sold to the government, and 50,000 are sold abroad. No tables are imported. At the end of the year, the table manufacturers hold the unsold tables in inventory. What is the value of the investment component of GDP?
A. $25 million B. $2 billion C. $10 million D. $20 million