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joanne1718 joanne1718
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5 years ago

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

Principles of Economics


Edition: 12th
Authors:
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Antoinette12Antoinette12
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