If an Increase in Output from 5 to 10 Teapots

question 134

Multiple Choice

If an increase in output from 5 to 10 teapots increases total cost from $100 to $200,the marginal cost of one of those 5 teapots is

• A)$10.
• B)$20.
• C)$22.
• D)$25.
• E)dependent upon the amount of extra labour used.

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Definitions:

Conception to Death

A phrase denoting the entire human life span, from the beginning of life at conception to its end at death.

Longitudinal Method

A research design that involves repeated observations of the same variables over short or long periods of time.

Developmental Psychology

Area of psychology in which the psychologists study the changes in the way people think, relate to others, and feel as they age.

Life Span

The maximum length of time an organism is expected to live, or the length of time an individual actually lives.