A Firm Is Producing 4 Units of Output at an Average

question 117

Multiple Choice

A firm is producing 4 units of output at an average total cost of $40. When the firm produces 5 units of output, average total cost rises to $50. What is the marginal cost of the fifth unit of output?

• A) $10
• B) $30
• C) $90
• D) $120

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Definitions:

Enlarged Ventricles

An abnormal increase in size of the brain's ventricles, which can indicate various neurological conditions.

Brain Metabolism

The process by which the brain processes nutrients and energy, crucial for its function and health.

Positive Emotion

Feelings that are generally beneficial and pleasurable, contributing to one’s overall well-being, such as joy, happiness, and love.

Negative Emotion

Refers to feelings or emotions that are unpleasant or undesirable, such as sadness, anger, fear, or frustration.