If a Firm Has a Fixed Cost of $200,000,and a Variable

question 152

Multiple Choice

If a firm has a fixed cost of $200,000,and a variable cost of $130,000 at an output of one,how much is marginal cost at an output of one?

• A)$70,000
• B)$130,000
• C)$200,000
• D)$270,000
• E)There is insufficient information to answer the question.

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Definitions:

Phlebitis

Inflammation of a vein, often in the legs, which can cause pain, swelling, redness, and warmth.

Dorsalis Pedis

Referring to the artery that runs along the top of the foot.

Brachial

Pertaining to the arm, specifically the upper arm or the main artery that runs through it.

Radial

Pertaining to the radius bone or the radial artery, often used to describe structures spreading out from a central point.