If a Firm's Total Costs Are $80 When 10 Units

question 64

Multiple Choice

If a firm's total costs are $80 when 10 units of output are produced and $90 when 11 units of output are produced, the marginal cost of the 11th unit is

• A) $1.
• B) $5.
• C) $8.09.
• D) $10.

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Definitions:

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A measurable pattern of knowledge, skills, abilities, and behaviors that is required for effective performance in a specific job or activity.

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The set of rules or principles designed to guide decisions and actions within an organization.

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The process of redesigning processes, systems, or organization to achieve drastic improvements in critical measures of performance.