In the Short Run, the Marginal Cost of Producing the First

question 83

Multiple Choice

In the short run, the marginal cost of producing the first unit of output is $50, the marginal cost of the second unit of output is $20, and the marginal cost of producing the third unit of output is $16. The firm's total cost of producing three units of output is

• A) $16.
• B) $48.
• C) $86.
• D) cannot be determined from the information provided

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Definitions:

Narcolepsy

A sleep disorder characterized by excessive daytime sleepiness, sleep attacks, and sudden loss of muscle tone.

Somnambulism

A sleep disorder where a person walks or performs other activities while asleep.

REM Behavior Disorder

A sleep disorder characterized by the acting out of dreams during the REM (Rapid Eye Movement) stage of sleep.

Consolidation Theory

A theory suggesting that memories become more stable in the brain over time through a process of consolidation.