Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
TABLE 9-3
-Refer to Table 9-3.As this firm increases output from 40 units to 50 units per period,its marginal cost rises to
A)$0.10.
B)$0.17.
C)$0.375.
D)$0.40.
E)$0.50.

Question

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
  TABLE 9-3
-Refer to Table 9-3.As this firm increases output from 40 units to 50 units per period,its marginal cost rises to
A)$0.10. 
B)$0.17. 
C)$0.375. 
D)$0.40. 
E)$0.50.

Quizplus · Accepted Answer

The Answer of Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
  TABLE 9-3
-Refer to Table 9-3.As this firm increases output from 40 units to 50 units per period,its marginal cost rises to
A)$0.10. 
B)$0.17. 
C)$0.375. 
D)$0.40. 
E)$0.50.

Consider the Following Total Cost Schedule for a Perfectly Competitive