A Firm's Total Variable Cost Increases from $4,000 to $4,020

question 142

Multiple Choice

A firm's total variable cost increases from $4,000 to $4,020 as the firm increases its output from 400 to 401 units. What is the marginal cost of producing the 401st unit?

• A) $10
• B) $4,000
• C) $20
• D) $4,020

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Definitions:

Bony Prominences

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Bedsores

Pressure ulcers or injuries that develop on skin and underlying tissue due to prolonged pressure, often seen in individuals who are immobile.

Narcotic Pain Pills

Medications that contain opiate-like substances, used to relieve severe pain but can also be addictive and are carefully regulated.

Risk-prone Health Behavior

Actions that individuals may engage in that increase the risk of developing health problems.