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Author Question: If it costs you 60 to produce 3 widgets and 64 to produce 4 widgets, the marginal cost to you of ... (Read 88 times)

MirandaLo

  • Hero Member
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  • Posts: 538
on: Jun 29, 2018
If it costs you 60 to produce 3 widgets and 64 to produce 4 widgets, the marginal cost to you of producing a 4th widget is
 
  A) 62.
  B) 20.
  C) 18.
  D) 6.
  E) 4.

Question 2

Refer to the scenario above. If they are the only bidders in the auction, Bill will continue to bid as long as bidding is below ________.
 
  A) 420
  B) 210
  C) 500
  D) 625


brittiany.barnes

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  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

B


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