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:

General Partnership

A business structure where two or more individuals own and operate a business together, sharing profits, losses, and liabilities.

Motion To Compel

A legal request to the court to mandate a party to take a specific action, often related to the disclosure of evidence.

Civil Procedure

The body of law that sets out the rules and standards courts follow when adjudicating civil lawsuits.

Mail Source

The origin or sender of a piece of mail or package.