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:

Comprehension Precedes

The concept that understanding or grasping a concept or language must occur before it is possible to use it effectively in communication or application.

Morphemes

The smallest grammatical units in a language that carry meaning, such as "un-", "break", and "-able" in the word "unbreakable".

Holophrases

One-word utterances that depend on the particular context in which they are used to determine meaning.

Phonemes

The smallest units of sound in a language that can distinguish meaning between words.