If the Marginal Costs of 1, 2, and 3 Hours

question 61

Multiple Choice

If the marginal costs of 1, 2, and 3 hours of talking on the phone are $50, $75, and $105 respectively, then the total costs are of 1, 2 and 3 hours of talking on the phone are:

• A) $50, $150, and $315 respectively.
• B) $50, $41.67, and $115 respectively.
• C) $50, $125, and $230 respectively.
• D) $50, $175, and $405 respectively.

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Definitions:

Business Meeting

A gathering of people working together to make decisions or solve problems related to the operations of a business or organization.

Hans Selye

A pioneering endocrinologist known for his research on the stress response, introducing the concept of the General Adaptation Syndrome.

Resistance Phase

The second stage of the general adaptation syndrome, where the body adapts to and resists stressors, mobilizing resources to cope.

Alarm Phase

The initial reaction of the body's stress response, characterized by the activation of the sympathetic nervous system and the release of stress hormones.