Below Is a Chart of Costs for an Agribusiness Firm

question 13

Multiple Choice

Below is a chart of costs for an agribusiness firm that produces beef (lbs) .
$\begin{array}{llcccccc} \underline{\mathrm{Y}} & \underline{\text { TFC }} & \underline{\text { TVC }}& \underline{\text { TC }} & \underline{\text { ATC }} & \underline{\text { AVC }} & \underline{\text { MC }} \\0 &10&0&10&--&--&--\\1 & 10 & 10 & 20 &\underline {\quad} & 10&\underline {\quad}\\2 & \underline {\quad} & \underline {\quad} & \underline {\quad} & 14& 9 &8 \\3 & 10 & 24 & 34 & 11.3 & 8 & 6 \\4 & \underline {\quad} &\underline {\quad} & \underline {\quad} & \underline {\quad} &\underline {\quad} & 8\end{array}$
-MC for 1 unit of output is equal to::

• A) 10
• B) 12.5
• C) 11
• D) 9

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Definitions:

Subduction

The process whereby one tectonic plate moves under another plate and is forced to sink into the mantle, often leading to volcanic activity and earthquakes.

Normal Faulting

A type of faulting where the crust is extended and the hanging wall moves down relative to the footwall.

Partly Metamorphic

Relating to rocks that have been partially altered in structure or composition by heat, pressure, or chemical processes.

High Pressure

A condition of the atmosphere where the air pressure is higher than the surrounding area, often leading to stable weather conditions.