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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 127 times)

codyclark

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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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Answer to Question 1

D

Answer to Question 2

D




codyclark

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Reply 2 on: Jun 30, 2018
Excellent


ebonylittles

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

 

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