A Firm Has a Fixed Cost of $2,000,and at an Output

question 122

Multiple Choice

A firm has a fixed cost of $2,000,and at an output of one,variable cost is $1,500.How much is marginal cost at an output of 1?

• A)$1,000
• B)$1,500
• C)$2,000
• D)$3,500
• E)There is insufficient information to find marginal cost at an output of 1.

---

Definitions:

Recognition

The identification of something as having been previously seen, heard, known, etc.

Recall

The mental process of retrieving information from the past, often without the aid of external cues.

Parallel Distributed Processing

A computational approach in cognitive science that models mental processes as occurring across networks of simple units working in parallel, simulating how information is processed in the brain.

Connectionist Model

A cognitive model based on the concept that mental phenomena can be described by interconnected networks of simple units.