Tankao Makes Earbuds for Mobile Devices

question 296

Multiple Choice

Tankao makes earbuds for mobile devices.When Tankao produces 20 sets of earbuds,its average variable cost is $5 per set and its average total cost is $8 per set.Tankao's:

• A)marginal cost is less than $3 per set.
• B)marginal cost is $3 per set.
• C)average fixed cost is $3 per set.
• D)marginal cost is equal to its average fixed cost.

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Definitions:

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A retired Associate Justice of the Supreme Court of the United States, known for his moderate to liberal viewpoints during his tenure from 1990 to 2009.

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