-Figure 53 Shows a Firm's Marginal Cost, Average Total Cost, and and Average

question 6

Multiple Choice

-Figure 5.3 shows a firm's marginal cost, average total cost, and average variable cost curves. At Q = 50, the total cost is

• A) $2,100.
• B) $2,800.
• C) $4,500.
• D) $6,300.

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Definitions:

Laggards

In the context of the diffusion of innovations, laggards are individuals or entities that are slow to adopt new technology, ideas, or practices. They typically have an aversion to change and may only adopt an innovation after it has been tried and proven by the majority.

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