Author Question: If average total costs are 40 and average variable cost are 20 at 10 units of output and the ... (Read 77 times)

@Brianna17 · **on:** Jun 30, 2018

If average total costs are 40 and average variable cost are 20 at 10 units of output and the marginal cost of the 11th unit is 30, what is the average total cost of 11 units?
a. 23.00
b. 20.09
c. 30.00
d. 39.09

Question 2

An exception to weighting stocks by market cap is the Dow Jones Industrial Average, which uses the stock price relative to the sum of the prices of all the stocks in the index.
a. True
b. False
Indicate whether the statement is true or false