Using the data in the above table, when output increases from 4 to 9 units, the marginal cost of one of those 5 units is
A) $4.00.
B) $4.25.
C) $5.00.
D) $6.25.
C
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Price ceilings are typically imposed to benefit buyers
a. True b. False Indicate whether the statement is true or false
The federal government receives most of its revenue from three sources: personal income tax, corporate income tax, and payroll tax.
Answer the following statement true (T) or false (F)
The demand for dollars will increase when
A) real interest rates in the United States fall. B) U.S. labor productivity increases relative to the world. C) the world is perceived as more stable than it used to be. D) U.S. residents develop a taste for more imported products.
The main avenue by which a temporary change in government purchases in the classical model affects the labor supply is by
A. affecting the value of the stock market. B. affecting workers' wealth. C. increasing business confidence. D. changing the population.