Suppose the cost function is C(Q) = 50 + Q ? 10Q2 + 2Q3. What is the marginal cost of producing 10 units?
A. $1,010
B. $560
C. $401
D. $1,060
Answer: C
You might also like to view...
Assume that the full-employment level of output is $1,000 and the price level associated with full-employment output is 100. Also assume that the economy's current level of output is $1,100 and at the price level of 100 current aggregate demand is $1,200. If the government moves the economy back to the full-employment level of output by increasing taxes by $50, then the expenditures multiplier equals
A. 2. B. 10. C. 5. D. 4.
In the market for gasoline, an increase in the federal excise tax on gasoline would shift the supply curve up
Indicate whether the statement is true or false
Which of the following is likely to be present in a perfectly competitive market?
a. patents b. government licenses c. nonprice competition such as advertising d. high capital costs e. firms producing identical products
When healthy banks fail due to widespread bank panics, those who are likely to be hurt are:
A. households and small businesses. B. government regulators. C. the FDIC. D. the Federal Reserve.