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Author Question: If a firm's total costs are $80 when 10 units of output are produced and $90 when 11 units of output ... (Read 94 times)

renzo156

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on: Apr 19, 2019

Question 1

Twenty‐five students in a class take a test for which the average grade is 75. Then a twenty‐sixth student enters the class, takes the test, and scores 80. The test average calculated with 26 students will ________.


◦ rise above 75
◦ fall below 75
◦ change from 75 but the direction is unclear
◦ still equal 75

Question 2

If a firm's total costs are $80 when 10 units of output are produced and $90 when 11 units of output are produced, the marginal cost of the 11th unit is


◦ $1.
◦ $5.
◦ $8.09.
◦ $10.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by renzo156 on Apr 19, 2019

kxciann

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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renzo156

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Reply #2 on: Apr 19, 2019
Thank you!


kxciann

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Reply #3 on: Apr 19, 2019
Always glad to help...


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