A Firm's Marginal Cost Is $82, Its Average Total Cost

question 26

Multiple Choice

A firm's marginal cost is $82, 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.

---

Definitions:

Social Status

A person's standing or importance in relation to other people within a society, often determined by wealth, occupation, or family background.

Balanced Perspective

The ability to see all sides of a situation or argument without bias, ensuring a fair and rational assessment.

Axiological Arrest

Reduced level of morality that occurs if one fails to know, cherish, declare, act, and act habitually according to one’s values. Axiology is the branch of philosophy concerned with the study of values.

Adaptive Capacity

The ability of individuals or systems to adjust and cope with changes or challenges in their environment.