If Average Total Cost Is $40 and Average Variable Cost

question 3

Multiple Choice

If average total cost is $40 and average variable cost is $20 at 10 units of output and the marginal cost of the 11th unit is $30, what is the average total cost of 11 units?

• A)$23.00
• B)$20.09.
• C)$30.00
• D)$39.09
• E)$39.09.

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Definitions:

Empathy Gap

The difficulty of understanding or predicting one's own and others' feelings, preferences, or behaviors when in a different emotional or physical state.

Communally Connected

A state of being interlinked with others in a community, fostering a sense of belonging and shared purpose.

Marginalized Groups

Populations or groups within a society that are excluded or discriminated against, leading to lower social status and limited access to resources.

Cognitive Benefits

Advantages related to mental processes, such as improved memory, attention, or problem-solving abilities.