If the Cost Function for a Commodity Is Dollars

question 92

Multiple Choice

If the cost function for a commodity is dollars, find the marginal cost at units, and tell what this predicts about the cost of producing 2 additional units. Round your answer to two decimal places. ​

• A)$18.31. The cost of producing 2 additional units is approximately $36.63.
• B)$67.88. The cost of producing 2 additional units is approximately $67.88.
• C)$33.94. The cost of producing 2 additional units is approximately $33.94.
• D)$33.94. The cost of producing 2 additional units is approximately $67.88.
• E)$6.38. The cost of producing 2 additional units is approximately $12.75.

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Definitions:

Competence

The ability of an individual to effectively perform or carry out a specific task.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior, often influenced by cultural, religious, or personal beliefs.

Sociability

The tendency to seek social interactions and exhibit enjoyment in engaging with others.

Cognitions

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.