A Firm's Average Total Cost Is Minimized When It Produces

question 24

Multiple Choice

A firm's average total cost is minimized when it produces 10 units. When it produces 10 units, the average total cost is $5/unit. What is the marginal cost when the firm produces 10 units?

• A) less than $5/unit
• B) greater than $5/unit
• C) $5/unit
• D) $10/unit

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Definitions:

Ejaculation

The release of semen from the male reproductive tract as a result of an orgasm.

Orgasm

is the climax of sexual excitement, characterized by intense pleasure and the release of sexual tension.

Erection

The process in which the penis becomes firm, engorged, and elongated due to the engorgement of blood vessels within it, often in response to sexual arousal.

Male Reproductive System

The series of organs and structures in males responsible for producing, maintaining, and transporting sperm and seminal fluid for reproductive purposes.