Marginal cost is:
A) the additional cost a firm will incur by producing one additional unit of output.
B) the additional output a firm will get by employing one additional unit of input.
C) the total cost a firm will incur by producing a given level of output.
D) the costs that sit on the margin,that do not change regardless of the level of output.
Correct Answer:
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A)are fixed costs plus variable costs.
B)include
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A)causes the variable cost curve
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A)is U-shaped.
B)rises when marginal
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A)always trend downward as output
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A)decrease when marginal product rises
Q139: Average total cost:
A)decreases when output levels are
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