A Firm Estimates That When Output Is 10, Its Total

question 41

Multiple Choice

A firm estimates that when output is 10, its total costs are $900. It also finds that when output is 11, its total costs are $920. The marginal cost of the eleventh unit of output is:

• A) $1.
• B) $20.
• C) $90.
• D) $900.
• E) $920.

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Definitions:

Capillary Puncture

A medical technique involving the puncture of a capillary vessel, usually in the finger or earlobe, to obtain a small blood sample for testing.

Lancet

A sharp, pointed instrument used to pierce the skin to obtain a capillary blood sample.

Prep Pad

A small, medicated pad used for cleaning an area of the skin before a medical procedure, such as an injection.

Capillary Puncture

A procedure to collect blood samples from a capillary bed, commonly used for tests requiring small amounts of blood, such as glucose levels.