If the Average Total Cost of Producing 20 Units of Output

question 73

Multiple Choice

If the average total cost of producing 20 units of output is $15 and the average total cost of 21 units of output equals $15, then the marginal cost of the 21^st unit is _____.

• A)$18
• B)$15
• C)$20
• D)$20.
• E)$12​

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Definitions:

Perceived Self

An individual's awareness of their unique characteristics, qualities, and the way they see themselves.

Job Satisfaction

The level of contentment individuals feel with their job, including aspects such as work environment, role, and remuneration.

Unemployment

The situation of being without a job despite the willingness and capability to work, often measured as a percentage of the labor force.

Inferiority

A feeling of lower status or quality compared to others.