If a Firm's Total Costs Are $100 When 10 Units

question 377

Multiple Choice

If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of output are produced, the marginal cost of the 11th unit is

• A) $1.
• B) $3.
• C) $5.
• D) $9.36.

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Definitions:

Store Water

The process or capability of retaining water in bodily tissues, cells, or reservoirs in organisms or systems.

Modified Leaves

Specialized structures that arise from the leaf base and perform functions other than photosynthesis, such as protection, reproduction, or storage.

Tendrils

Slender, twining stems or leaf appendages used by climbing plants for support.

Modified Leaves

Leaves that have evolved for functions other than photosynthesis, such as protection, reproduction, or storage.