The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. The marginal cost of increasing output from 3 to 4 barrels of pickles is
A) $25.
B) $75.
C) $20.
D) $50.
A
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What is the key proposition of new growth theory that makes economic growth persist?
What will be an ideal response?
Under perfect price discrimination, marginal profit at each level of output equal
A) 0. B) P - AC. C) P - MC. D) P - AR.
In a perfectly competitive? industry, the industry demand curve
A. must be vertical. B. is? upward-sloping. C. is? downward-sloping. D. must be horizontal.
Expansionary government policies during a period of increasing globalization:
A. decreases unemployment in the nontradable sector and leaves unemployment in the tradable sector unchanged. B. decreases unemployment in both the nontradable and tradable sectors. C. increases unemployment in both the nontradable and tradable sectors. D. decreases unemployment in the tradable sector but leaves unemployment in the nontradable sector unchanged.