To produce 10 shirts, the total cost is $80; to produce 11 shirts, the total cost is $99. The marginal cost of the 11th shirt is equal to
A) $80.
B) $19.
C) $99.
D) $9.
E) $8.
Correct Answer:
Verified
Q85: Total cost is equal to the sum
Q86: If a firm increases its output and
Q87: Q88: The main sources of economies of scale Q89: To produce 10 shirts, the total cost Q91: When the marginal product is increasing as Q92: The relationship between the MP and MC Q93: Diseconomies of scale is Q94: In the long run, Q95: Which of the following is FALSE?
A) a short-run phenomenon.
B)
A) total variable cost
A) In
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