Author Question: If variable cost rises from 60 to 100 as output increases from 15 to 20 units, the marginal cost of ... (Read 116 times)

codyclark · **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