A firm increases output from 2 to 4 units per week. As it does its total costs rise from €1200 to €1500, while its fixed costs remain constant at €800. The firms MC is:
a) €100
b) €150
c) €300
d) zero
Answer: b) €150
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Why has agriculture become a declining industry over the past half century? Explain
What will be an ideal response?
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