The Table Given Below Shows the Total Cost of Producing

question 47

Multiple Choice

The table given below shows the total cost of producing different units of the output by a competitive firm. Table 7.4
In Table 7.4, at 4 units of output marginal cost is:

• A)$10.
• B)$15.
• C)$20.
• D)$25
• E)$30.

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Definitions:

Willingness to Change

The degree to which an individual or organization is open to modify behavior, processes, or attitudes in response to new information or circumstances.

Lack of Ability

A condition or situation in which there is an absence of sufficient skill, power, or capacity to perform effectively.

Counseling

A professional process of assistance and guidance in resolving personal or psychological problems.

Attitude

An individual’s settled way of thinking or feeling about something, typically reflected in their behavior.