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.

---

Definitions:

Time-Efficient

Refers to methods or strategies that are designed to achieve results or accomplish tasks in the shortest possible time without sacrificing quality.

Treatment Interventions

Strategies or actions designed to address and mitigate specific health or behavioral problems, often part of a broader treatment plan.

Life Experiences

Events, situations, or milestones that an individual encounters throughout their life, shaping their views, personality, and behavior.

Empathize

The capacity to understand and share the feelings of another person, essentially putting oneself in their shoes.