The Following Table Shows the Cost of Producing Different Units

question 80

Multiple Choice

The following table shows the cost of producing different units of ball point pens by a firm.Table 8.1

-If the average total cost of producing 2 pounds of cheese is $4 and the average total cost of producing 3 pounds of cheese is $4.2, then the marginal cost of producing third pound of cheese is equal to:

• A)$4.2.
• B)$8.
• C)$4.5.
• D)$4.6.
• E)$4.1.

---

Definitions:

Long-Term Memories

Long-Term Memories are memories that can last from days to decades, involving the storage and retrieval of information over an extended period.

Anterograde Amnesia

A condition characterized by the inability to form new memories following the onset of amnesia.

Retroactive Interference

A memory phenomenon where new information disrupts the recall of previously learned information.

Memory Trace Decay

The theory that memory fades and disappears over time if not used, because the neural trace in the brain decays.