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:

Equal Chance

The principle that all individuals should have the same opportunity to succeed or participate in activities, without discrimination or biases.

Case Study Method

A research approach that involves the detailed examination of a single instance or event: a case.

Social Workers

Professionals dedicated to helping individuals, families, and communities to cope with challenges and improve their well-being through a variety of services.

Social Exchange Theory

An analytical framework that suggests human relationships are transactions aiming to maximize one's benefits and minimize costs, grounded on principles of reciprocity and fairness.