Following Is a Firm's Expansion Path

question 8

Multiple Choice

Following is a firm's expansion path.The price of capital is $5 per unit; the price of labor is $2 per unit. How much does the 10th unit of output add to long-run total cost?

• A)zero
• B)$3
• C)$4
• D)$40
• E)none of the above

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Definitions:

Anterograde Amnesia

A condition where a person is unable to form new memories following the onset of the disorder.

Personal Information

Data relating to an individual that can be used to identify, contact, or locate a single person.

Repressed Memories

Memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.

Dissociative Amnesia

Loss of memory for important facts about a person’s own life and personal identity, usually including the awareness of this memory loss.