If a Firm Spends $400 to Produce 20 Units of Output

question 65

Multiple Choice

If a firm spends $400 to produce 20 units of output and spends $880 to produce 40 units, then between 20 and 40 units of output, the marginal cost of production is:

• A)$20.
• B)$24.
• C)$22.
• D)$480.

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Definitions:

Cross Section

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