Author Question: If the total cost of producing 10 units equals 90, and the average total cost of producing 11 units ... (Read 216 times)

vicotolentino · **on:** Jun 30, 2018

If the total cost of producing 10 units equals 90, and the average total cost of producing 11 units equals 8.75, then the marginal cost of the eleventh unit produced:
a. is definitely greater than the marginal cost of producing the tenth unit.
b. is definitely less than the marginal cost of producing the tenth unit.
c. is less than the average total cost of producing ten units.
d. is greater than the average total cost of producing ten units.

Question 2

The possible returns to a shareholder are:
a. rent and wages.
b. fixed interest and dividend.
c. fixed interest and a depreciation in the price of the stock.
d. rent and fixed interest.
e. dividend and an appreciation in the price of the stock.