If Total Cost Is $30 at 10 Units of Output

question 58

Multiple Choice

If total cost is $30 at 10 units of output and $32 at 11 units of output,in this range of output,marginal cost is:

• A)$2
• B)$31
• C)$32
• D)$1
• E)zero

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Definitions:

Motivators

Factors that influence a person's desire and energy to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Performance

The act of carrying out an action or fulfilling a task; often measured against known standards of accuracy, completeness, and speed.

Financial Incentives

Monetary rewards or penalties intended to motivate behavior or actions towards achieving a specific outcome.

Turnover

The turnover rate of employees exiting a business and being replaced by newcomers.