-Refer to Table 5.3. If the production of 2 extra units (units 11 and 12) increases total cost by $162, then the
A) marginal cost of the twelfth unit will be $162.
B) total cost of producing 12 units will be $894.
C) average variable cost of producing 11 units is $732.
D) average total cost of producing 12 units is $61.
E) thirteenth unit will have to go up in price.

Question

-Refer to Table 5.3. If the production of 2 extra units (units 11 and 12) increases total cost by $162, then the
A) marginal cost of the twelfth unit will be $162. 
B) total cost of producing 12 units will be $894. 
C) average variable cost of producing 11 units is $732. 
D) average total cost of producing 12 units is $61. 
E) thirteenth unit will have to go up in price.

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 5.3. If the production of 2 extra units (units 11 and 12) increases total cost by $162, then the
A) marginal cost of the twelfth unit will be $162. 
B) total cost of producing 12 units will be $894. 
C) average variable cost of producing 11 units is $732. 
D) average total cost of producing 12 units is $61. 
E) thirteenth unit will have to go up in price.