The Following Table Shows the Cost of Producing Different Units

question 80

Multiple Choice

The following table shows the cost of producing different units of ball point pens by a firm.Table 8.1

-If the average total cost of producing 2 pounds of cheese is $4 and the average total cost of producing 3 pounds of cheese is $4.2, then the marginal cost of producing third pound of cheese is equal to:

• A)$4.2.
• B)$8.
• C)$4.5.
• D)$4.6.
• E)$4.1.

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Definitions:

Decrease Of

A reduction or decline in value, number, or amount.

Savings-Bond Portfolio

A collection of savings bonds held by an individual or entity, often used as a low-risk investment strategy.

Ontario Savings Bonds

Debt securities issued by the Province of Ontario, offering investors a fixed return over a specific period.

Canada Savings Bonds

A type of savings bond issued by the Government of Canada, offering a fixed interest rate over a certain period.