Suppose That a Firm's Total Costs of Production Are 0

question 10

Multiple Choice

Suppose that a firm's total costs of production are 0 at an output of zero, 10 at an output of 1, 20 at an output of 2 units, 30 at an output of three units, 35 at an output of four units and 37 at an output of five units. At which number of units is average cost minimized?

• A)The first unit.
• B)The fifth unit.
• C)The third unit.
• D)At the first, second and third units.

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Definitions:

Neurological Disorder

A disorder affecting the nervous system, encompassing a broad range of conditions that affect brain function or structure.

Active Part

Components or elements of a system that are directly involved in its primary function or action.

Neurons

Specialized neurons in the nervous system that convey information to other neurons, muscle cells, or glands mostly via electrical and chemical signals.

Astroglia

Star-shaped glial cells in the brain and spinal cord that play roles in supporting neurons and maintaining the biochemical environment of the neural tissue.