If the total variable cost of 9 units of output is $90 and the total variable cost of 10 units of output is $120, then
A) the average variable cost of 10 units is $10.
B) the average variable cost of 9 units is $10.
C) the marginal cost of the tenth unit is $90.
D) the firm is operating in the range of increasing marginal returns.
Correct Answer:
Verified
Q243: Assume a firm closes down in the
Q244: The Sunshine Corporation finds that its costs
Q245: Answer the question on the basis of
Q246: The short-run average total cost curve is
Q247: In the short run,
A)TVC will increase for
Q249: Answer the question on the basis of
Q250: If a technological advance increases a firm's
Q251: As output increases, total variable cost
A)increases more
Q252: If marginal cost is
A)falling, then average total
Q253: Answer the question on the basis of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents