Refer to the table below.

If the firm sells 5 units at a price of $30 each, then the marginal unit produced
A) costs more than the average cost.
B) is subtracting from profits.
C) costs the same as the average cost.
D) is adding to profits.

Question

Refer to the table below.

If the firm sells 5 units at a price of $30 each, then the marginal unit produced
A) costs more than the average cost. 
B) is subtracting from profits. 
C) costs the same as the average cost. 
D) is adding to profits.

Quizplus · Accepted Answer

The Answer of Refer to the table below.

If the firm sells 5 units at a price of $30 each, then the marginal unit produced
A) costs more than the average cost. 
B) is subtracting from profits. 
C) costs the same as the average cost. 
D) is adding to profits.

Refer to the Table Below