If a Firm Spends $400 to Produce 20 Units of Output

question 65

Multiple Choice

If a firm spends $400 to produce 20 units of output and spends $880 to produce 40 units, then between 20 and 40 units of output, the marginal cost of production is:

• A)$20.
• B)$24.
• C)$22.
• D)$480.

---

Definitions:

Obstacles

Challenges or barriers that hinder the progress or achievement of a goal.

Cross-functional Teams

Teams composed of members from different departments or areas of expertise, working together towards a common project goal.

Work Processes

The sequence of steps or tasks that are carried out in order to complete a specific job or produce a specific outcome.

Functional Teams

Groups of individuals who are divided according to their specific roles or functions within an organization, working together towards common objectives.