Table 11-7 Table 11-7 Shows Cost Data for Lotus Lanterns

question 256

Multiple Choice

Table 11-7
Table 11-7 shows cost data for Lotus Lanterns, a producer of whimsical night lights.
-Refer to Table 11-7. What is the marginal cost per unit of production when the firm produces 100 lanterns?

• A) $420
• B) $32
• C) $11.10
• D) $8.10

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