When a Firm Produces One Unit,the Variable Cost Is $3

question 47

Multiple Choice

When a firm produces one unit,the variable cost is $3.When the firm produces two units,the variable cost is $6.What is the marginal cost associated with two units of production?

• A) $2
• B) $0.5
• C) $6
• D) $3

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Definitions:

Public Official

An individual holding a position of authority in a governmental organization, responsible for the rights and welfare of the public.

Reckless Disregard

Reckless disregard denotes a conscious indifference to the rights or safety of others or a known risk, acting without concern for the likely consequences.

Fraudulent Misrepresentation

A false statement made knowingly, without believing in its truth, or recklessly, with the intention to deceive and induce another party to enter into a contract.

Liable

Liable means being legally responsible for something, typically involving financial compensation or another form of restitution.