If a Firm's Total Costs Are $75 When It Produces

question 249

Multiple Choice

If a firm's total costs are $75 when it produces 10 units of output and $80 when it produces 11 units of output, then the marginal cost of producing the 11th unit is

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

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Definitions:

Visual Cell

A type of cell in the retina that is sensitive to light and enables vision.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light images into neural signals sent to the brain.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.

Neural Tissue

Neural tissue refers to the specialized cells and biological material that make up the nervous system, including the brain, spinal cord, and nerves, facilitating the transmission of electrical signals throughout the body.