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:

Legal System

The comprehensive set of rules and institutions that govern behavior, resolve disputes, and administer justice within a society.

Political Administration

The organization and management of government affairs and the implementation of public policy by officials within a political system or framework.

Reed Stylus

A tool made from a reed plant used for writing on papyrus or other materials in ancient times.

Monosyllabic

Referring to words composed of a single syllable, often used to describe languages or speech patterns.