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Author Question: If a firm's total costs are $75 when it produces 10 units of output and $80 when it produces 11 ... (Read 108 times)

abc

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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 same test, and scores 70. The test average grade 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 $75 when it produces 10 units of output and $80 when it produces 11 units of output, then the marginal cost of producing 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 abc on Apr 19, 2019

livaneabi

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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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abc

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Reply #2 on: Apr 19, 2019
Excellent


livaneabi

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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