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Author Question: If variable cost rises from 60 to 100 as output increases from 15 to 20 units, the marginal cost of ... (Read 135 times)

codyclark

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  • Posts: 538
on: Jun 30, 2018
If variable cost rises from 60 to 100 as output increases from 15 to 20 units, the marginal cost of the twentieth unit
 a. is 100
  b. is 5
  c. is 40
  d. is 8
  e. cannot be determined without total cost

Question 2

If variable cost at each output level doubles,
 a. ATC doubles
  b. AFC doubles
  c. MC remains unchanged
  d. MC doubles
  e. MC less than doubles


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iceage

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


codyclark

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  • Posts: 538
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

robbielu01

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  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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