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A short-run total cost schedule is a total variable cost schedule shifted ________ by the amount of ...

joanne1718

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A short-run total cost schedule is a total variable cost schedule shifted ________ by the amount of ...

Question 1.

If a firm's total costs are $75 when it produces 10 units of output and $80 when it produces 11 units of output, then the marginal cost of producing the 11th unit is

▸ $1.

▸ $5.

▸ $8.09.

▸ $10.

Question 2.

A short-run total cost schedule is a total variable cost schedule shifted ________ by the amount of total fixed cost cost.

▸ downward

▸ to the right

▸ upward

▸ to the left

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 77 times

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Antoinette12

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5 years ago

More solutions for this book are available here

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joanne1718 Author

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5 years ago

Correct

linlinlin

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Yesterday

Good timing, thanks!

klyn

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2 hours ago

Thanks

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