Consider the Following Total Cost Schedule for a Perfectly Competitive

question 68

Multiple Choice

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
TABLE 9-3
-Refer to Table 9-3.What is the marginal cost of producing the 15th unit of output?

• A)$0.10
• B)$0.17
• C)$0.375
• D)$0.40
• E)$0.50

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