Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. The marginal cost of the third microwave oven is
A. $50.
B. $166.67.
C. $300.
D. indeterminate from this information.
Answer: A
You might also like to view...
Economic growth is measured by
A) increases in the population. B) increases in GDP. C) increases in per capita real GDP. D) increases in the value of the total output of society.
The First Continental Congress met in September and October of 1774 and listed several complaints against the British government, including
(a) an objection not to the Navigation Acts but to the taxation without consent. (b) the argument that they were entitled to all the rights of British citizenship. (c) the demand that virtually all of the laws passed by Britain on the colonies since 1763 be repealed. (d) all of the above.
The term equilibrium refers to the point where:
A. quantity supplied equals quantity demanded. B. buyers and sellers "agree" on the quantity of a good they are willing to exchange at all prices. C. the supply curve and demand curve do not intersect. D. every buyer and seller achieves their best possible outcome.
Predatory pricing:
A. is an aggressive business move to maintain market power. B. was used by DeBeers to maintain control over the diamond market. C. is when a firm intimidates others to maintain the high prices the largest firms set. D. All of these statements are true.