When a Firm Produces 50,000 Units of Output, Its Total

question 207

Multiple Choice

When a firm produces 50,000 units of output, its total cost equals $6.5 million.When it increases its production to 70,000 units of output, its total cost increases to $9.4 million.Within this range, the marginal cost of an additional unit of output is

• A)$41.43.
• B) $134.29.
• C)$135.
• D)$145.

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Definitions:

Possible Penalty

The potential punishment or consequence that could be imposed for violating a law or rule.

Imprisonment

The state of being confined in prison as a punishment for a crime or while awaiting trial.

Crime

An act or omission that violates a law, for which there is a punishment imposed upon conviction.

Criminal Defendants

Individuals who are accused of committing a crime and are facing charges in a court of law.