If Average Total Cost Equals $15 at 20 Units of Output

question 97

Multiple Choice

If average total cost equals $15 at 20 units of output and average total cost equals $15 at 21 units of output,then the marginal cost of the 21^st unit is ____.

• A) zero
• B) $15
• C) $20
• D) $21

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Definitions:

Entrepreneurial Action

The initiatives and actions undertaken by entrepreneurs to establish and build their enterprises, including decision-making, risk-taking, and strategizing.

Self-leadership

The process of influencing oneself to establish the self-direction and self-motivation needed to perform or achieve specific goals.

Components

Individual parts or elements that combine together to form a complete system or device.

Behavior-focused Strategies

Approaches or plans of action aimed at influencing or changing individuals' behaviors in specific ways.