Author Question: If average total cost equals 15 at 20 units of output and average total cost equals 15 at 21 units ... (Read 61 times)

maegan_martin · **on:** Jun 30, 2018

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

Question 2

If you invest 2,500 in a mutual fund with a 5 percent front-end load, _____.
a. 50 will be used to pay for the sales charge and 2,000 will be invested in the fund
b. there will be no sales charge and the entire 2,500 will be invested in the fund
c. the fees for the fund manager will be paid only after a period of 20 years
d. 125 will be paid to the fund manager and 2,375 will be invested in the fund
e. a fixed amount of 250 will be paid to the fund manager every year