Suppose the Marginal Cost of the 1^st Hour of Talking

question 31

Multiple Choice

Suppose the marginal cost of the 1^st hour of talking on the phone is $50, the marginal cost of the 2^nd hour is $75, and the marginal cost of the 3^rd hour is $105. In this case, the total cost of talking on the phone for 3 hours is:

• A)$315
• B)$105
• C)$230
• D)$150

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Definitions:

Discursive Closure

The process by which discourse closes off certain lines of argument or inquiry, establishing a dominant narrative or perspective.

Organizations

Groups or entities comprising individuals who work together towards common goals or objectives, typically structured to optimize resources and efforts.

Frankfurt School

A group of mid-20th century theorists who developed critical theories about society, culture, and economy in a capitalist system.

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted from generation to generation.