Refer to the information. The total cost of producing 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
A. $65.
B. $105.
C. $145.
D. $185.
B. $105.
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Which of the following contributed to a slowdown in U.S. labor productivity during the 1970s?
a. An increase in the number of skilled legal immigrant workers b. An increase in the illegal employment of minors c. An increase in the number of skilled illegal immigrant workers d. The exit of the baby boom generation from the work force e. Lower energy prices
In the short run with fixed prices, an increase in exports of $100 billion
What will be an ideal response?
Which one of the following topics would be of the most interest to a public choice economist?
A. The theory of comparative advantage. B. The law of increasing opportunity cost. C. Inflation and unemployment. D. Rent-seeking behavior.
The production possibilities curve shows all possible combinations of
A. two goods that can be efficiently produced with a given set of resources. B. two goods that are desired by society. C. two goods that can be purchased given the prices of the goods. D. two goods that two countries can trade with each other.