Scenario 14-1 Assume a Certain Firm Is Producing 1000 Units of Output

question 87

Multiple Choice

Scenario 14-1
Assume a certain firm is producing 1000 units of output (so Q = 1000) .At Q = 1000, the firm's marginal cost equals $15 and its average total cost equals $11.The firm sells its output for $12 per unit.
-Refer to Scenario 14-1.At Q = 999,what is the firm's total cost

• A)$10,985
• B)$10,990
• C)$10,995
• D)$10,999

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