Based on the Following Table,the Additional Cost of Producing the 170th

question 56

Multiple Choice

Based on the following table,the additional cost of producing the 170th unit of output is: $\begin{array}{llcc} \text { Output} & \text { Total Cost } \\0 &\$300\\50&800\\100&1050\\150 &1650\\200 &2400\\\end{array}$

• A)$10.50
• B)$11.50
• C)$13
• D)$15
• E)none of the above

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Definitions:

Historical Materialism

A Marxist framework that examines social and economic development through the lens of material conditions and class struggle, positing that economic base shapes societal superstructure.

Economic Production

The process of creating goods and services through the combination of labor, land, and capital.

Superstructure

In Marxist theory, the cultural, ideological, and institutional structures built upon the economic base (infrastructure) of a society.

Capitalist Accumulation

The process by which capitalists generate wealth and expand their capital through reinvestment of profits.