Exhibit 7-7 Cost Schedule for a Firm -In Exhibit 7-7, by Filling in the Blanks, It Can

question 146

Multiple Choice

Exhibit 7-7 Cost schedule for a firm $$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Total Cost } & \text { Marginal Cost } \\\hline 0 & \$ 200 & \\1 & 900 & \\2 & & \$ 900 \\3 & 3,000 & \\\hline\end{array}$$
-In Exhibit 7-7, by filling in the blanks, it can be determined that the marginal cost of the third unit of output is:

• A) 0.
• B) 200.
• C) 700.
• D) 1,200.
• E) 2,000.

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Definitions:

Homeostasis

The process by which living organisms regulate their internal environment to maintain stability despite changes in the external environment.

Extrinsic Motivation

A form of motivation driven by external rewards, such as money, fame, grades, and praise.

Intrinsic Motivation

The drive to act based on internal rewards, such as personal satisfaction or the pleasure of doing something.

Homeostasis

The tendency of a biological system to maintain stable internal conditions despite external changes.