menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 8: Short-Run Costs and Output Decisions
  5. Question
    If a Firm's Total Costs Are $80 When 10 Units
Solved

If a Firm's Total Costs Are $80 When 10 Units

Question 64

Question 64

Multiple Choice

If a firm's total costs are $80 when 10 units of output are produced and $90 when 11 units of output are produced, the marginal cost of the 11th unit is


A) $1.
B) $5.
C) $8.09.
D) $10.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: Assume the wool industry is perfectly competitive.

Q60: The increase in total cost resulting from

Q61: If there is an increase in industry

Q62: Jerry sells cherry sno-cones along the boardwalk

Q63: Strawberries, a normal good, are produced in

Q65: Refer to the short-run information provided in

Q66: Refer to the short-run information provided in

Q67: Marginal cost<br>A) is the increase in total

Q68: Assume Cathy's Cupcake Company operates in a

Q69: Related to the Economics in Practice on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines