A Firm's Marginal Cost Is $30, Its Average Total Cost

question 21

Multiple Choice

A firm's marginal cost is $30, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is

• A) less than $40,000.
• B) between $40,000 and $40,050.
• C) between $40,050 and $40,080.
• D) greater than $40,080.

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