At 20 Units of Output,the Slope of a Firm's Average

question 32

Multiple Choice

At 20 units of output,the slope of a firm's average cost curve is recorded as +1.5.Calculate the firm's average cost at this output level if its marginal cost is $300.

• A)$270
• B)$300
• C)$230
• D)$200

---

Definitions:

Statistically Significant

A result or effect size in an experiment or study that is unlikely to have occurred by chance, indicating a meaningful difference or relationship.

Replicable

Describes a study or experiment whose results can be achieved again when the study is repeated under the same conditions.

Replicable

Capable of being repeated or duplicated under similar conditions to achieve a similar result.

Independent Variables

Variables in a scientific experiment that are manipulated or changed by the researcher to determine their effect on the dependent variable.