If average total cost equals $15 at 20 units of output and average total cost equals $15 at 21 units of output, then the marginal cost of the 21st unit is ____
a. zero
b. $15
c. $20
d. $21
b
You might also like to view...
A principal feature of a command economy is that
Some financial institutions are classified as depository institutions based on: a. the way they acquire funds
b. the number of customers they have. c. the number of loans they make. d. the size of the loans they make. e. the amount of reserves they hold.
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to remain the same. b. Demand for real goods and services to remain the rise and M2 money supply to fall. c. Demand for real goods and services to rise and M2 money multiplier to remain the same. d. Demand for real goods and services to remain the same and M2 money supply to rise.
The effects of a tax credit for purchasing new energy-compliant appliances on the use of electricity.
A. Microeconomics B. Macroeconomics