If a Firm Spends $200 to Produce 20 Units of Output

question 95

Multiple Choice

If a firm spends $200 to produce 20 units of output and spends $440 to produce 40 units of output,then the marginal cost of this increase in output is

• A) $10.
• B) $12.
• C) $20.
• D) $22.

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Definitions:

Barrie Thorne

A sociologist known for her work in the fields of gender studies, feminism, and sociology of childhood.

Gender Segregation

The separation of individuals based on their gender, often leading to unequal access to resources, opportunities, and rights.

Sexual Reassignment

The medical and psychological process involving physical and often legal changes by which a person's sex or gender is changed to reflect their gender identity.

Gender Roles

The expectations and norms for behavior, roles, activities, and characteristics that society assigns to men and women based on social constructs.