At 20 Units of Output, a Firm Finds That Its

question 116

Multiple Choice

At 20 units of output, a firm finds that its average variable cost is $5 per unit and its average total cost is $8 per unit.Therefore, its:

• A) marginal cost is less than $3 per unit.
• B) marginal cost is $3 per unit.
• C) average fixed cost is $3 per unit.
• D) marginal cost is equal to its average fixed cost.

Identify the role of specific reagents in transforming organic compounds.

Grasp the principles behind selecting optimal conditions and reagents for chemical transformations.

Understand the differences between continuous and discrete random variables.

Comprehend the properties of a probability density function.