When a Firm Produces 50,000 Units of Output, Its Total

question 207

Multiple Choice

When a firm produces 50,000 units of output, its total cost equals $6.5 million.When it increases its production to 70,000 units of output, its total cost increases to $9.4 million.Within this range, the marginal cost of an additional unit of output is

• A)$41.43.
• B) $134.29.
• C)$135.
• D)$145.

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Definitions:

Cognitive-Behavioral

Relating to a type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors, aiming to modify dysfunctional thinking and behavior.

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A representation, usually in smaller scale or simpler terms, used to explain, control, or predict more complex phenomena.

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A headache caused by the narrowing of muscles surrounding the skull. Also known as tension headache.

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A very severe headache that occurs on one side of the head, often preceded by a warning sensation and sometimes accompanied by dizziness, nausea, or vomiting.