The Figure Given Below Shows the Cost Curves of a Firm.Figure

question 56

Multiple Choice

The figure given below shows the cost curves of a firm.Figure 9.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 9.3, what is the marginal cost at a quantity of 120 units?

• A)$35
• B)$40
• C)$55
• D)$60
• E)$4,800

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Definitions:

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