Suppose That the Total Cost (In Dollars) for a Product

question 61

Multiple Choice

Suppose that the total cost (in dollars) for a product is given by , where x is the number of units produced. Total cost functions always increase because producing more items costs more. What then must be true of the marginal cost function ? ​

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Definitions:

Technological Imperialism

The dominance of technologically advanced countries in imposing their technologies and cultural values on less developed countries.

Recombinant Technology

A field in biotechnology that involves manipulating DNA sequences to create new genetic combinations for purposes including medicine, agriculture, and research.

Biotechnology

The use of living systems and organisms to develop or make products, or any technological application that uses biological systems, living organisms, or derivatives thereof.

Military Technology

Technology developed and used by the armed forces to gain advantage in warfare.