As Output Expands from 199 to 200 Units and Total

question 4

Multiple Choice

As output expands from 199 to 200 units and total costs rise from $2985 to $3000, the marginal cost and average cost of production are:

• A) $1.00, and $200.
• B) $15 and $15.
• C) $29.85 and $15.
• D) $1.

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Definitions:

Ten Commandments

A set of biblical principles relating to ethics and worship, which play a fundamental role in Judaism and Christianity.

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The act of parenting a child that is not one's biological offspring, typically in a blended family setting resulting from remarriage.

Neutral Territory

An area or space that is not controlled or claimed by any one party, often used as a safe zone for negotiations or meetings between conflicting parties.

Enforcement of Limits

The implementation and maintenance of boundaries or rules to ensure proper behavior or actions.