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.

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Definitions:

Supplemental Nutrition Assistance Program

A federal aid program in the United States providing food-purchasing assistance for low and no-income people.

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Government initiatives designed to provide support and assistance to citizens, especially those in need, including healthcare, education, and welfare services.

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Financial or material assistance provided by the government to individuals, families, or organizations in need.

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The process by which goods are transported or distributed from the producer or supplier to the consumer, encompassing logistics, warehousing, and delivery.