A Company Could Produce 100 Units of a Good for $320

question 137

Multiple Choice

A company could produce 100 units of a good for $320 or produce 101 units of the same good for
$324. The $4 difference in costs is

• A) the marginal cost of producing the 101st unit.
• B) the marginal benefit of producing the 101st unit.
• C) both the marginal benefit and the marginal cost of producing the 101st unit.
• D) neither the marginal benefit nor the marginal cost of producing the 101st unit.

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Definitions:

Memory

The faculty by which the mind stores and remembers information.

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A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.

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A collection of emotional symptoms, with or without physical symptoms, related to a woman's menstrual cycle.

Emotional PMS Symptoms

Emotional and behavioral symptoms associated with premenstrual syndrome, including mood swings, irritability, anxiety, and depression.