A Firm's Total Fixed Cost Is $100

question 61

Multiple Choice

A firm's total fixed cost is $100.If total cost is $200 for one unit of output and $310 for two units,what is the marginal cost of the second unit?

• A)$100
• B)$110
• C)$200
• D)$210
• E)$310

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Definitions:

Potentially Achievable

What can be attained or accomplished with the existing conditions, resources, and efforts.

Id Interference

A concept in psychoanalytic theory where the id, the part of the psyche containing innate biological instincts, interferes with or disrupts conscious thought processes.

Biologically Determined

Characteristics or traits that are influenced by genetic factors rather than environmental conditions.

Ego Identity

A concept in psychology that refers to the coherent sense of self that develops through social interaction and becomes a central aspect of an individual's personality.