Multiple Choice
Refer to the following:
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit.
-How much does the 23rd unit of output add to the firm's total cost?
A) $75
B) $135
C) $750
D) $1,350
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q68: Average total cost<br>A)increases as output increases.<br>B)decreases as
Q94: Use the following table, showing the
Q95: If marginal product is decreasing, then it
Q97: Refer to the following:<br>The following graph shows
Q98: Refer to the following:<br>The amount of
Q100: Refer to the following:<br><br>"Ford built 18 vehicles
Q101: Refer to the following:<br>The following graph shows
Q102: Refer to the following:<br>The amount of
Q103: Fill in the blanks in the table
Q104: Refer to the following:<br>The amount of