Answer the Question on the Basis of the Following Cost

question 61

Multiple Choice

Answer the question on the basis of the following cost data: $\begin{array}{c}\begin{array}{c}\\\\\underline{\text {Output}}\\1 \\2 \\3 \\4 \\5 \\6 \\7 \\8\end{array}\begin{array}{c}\text {Average}\\\text {Fixed}\\\underline{\text {Cost }}\\\$ 50.00 \\25.00 \\16.67 \\12.50 \\10.00 \\8.37 \\7.14 \\6.25\end{array}\begin{array}{c}\text {Average}\\\text {Variable}\\\underline{\text {Cost }}\\ \$ 100.00 \\80.00 \\66.67 \\65.00 \\68.00 \\73.33 \\80.00 \\87.50\end{array}\end{array}$
Refer to the data.The marginal cost of the fifth unit of output is:

• A) $3.
• B) $62.
• C) $80.
• D) $78.

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Definitions:

Classical Conditioning

The process of acquiring knowledge through the relationship between a stimulus present in the environment and one that is naturally existing.

Repeated Trials

The process of conducting an experiment or assessment multiple times to ensure reliability and accuracy of the results.

Learning

The process of acquiring knowledge or skills through study, experience, or being taught.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.