Use the following table to answer the question below.OutputTotal Cost0$10102020283038405350736098The marginal cost associated with the production of the fortieth unit of output is
A. $2.50.
B. $9.80.
C. $1.50.
D. $1.00.
Answer: C
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Explain the motives of developed countries in providing foreign aid
What will be an ideal response?
Refer to the above table. It may be concluded that
A) Mexico has a comparative advantage in computer production. B) Mexico has a comparative advantage in bicycle production. C) The United States has a comparative advantage in producing both goods. D) The United States has a comparative advantage in producing neither good.
How have the trade policies of developed countries discouraged new exports of less-skilled-labor-intensive manufactured goods by developing countries?
What will be an ideal response?
Both firms depicted in Table 9.5 can benefit if Firm A sells its pollution permit allowing it to generate 1,000 gallons of wastewater to Firm B for:
A. a price between $12 and $15. B. a price between $0 and $6. C. a price greater than $20. D. It is not possible for firms to benefit if Firm A sells a permit to Firm B.