Multiple Choice
If Jakob, who runs a sports jersey assembly factory, knows the marginal cost of the first sports jersey is $21, the marginal cost of the second sports jersey is $40, and the marginal cost of the third jersey is
$17, what is the total variable cost of producing three jerseys?
A) $26
B) $78
C) $17
D) $61
Correct Answer:

Verified
Correct Answer:
Verified
Q43: In the long run,all costs are:<br>A)fixed.<br>B)constant.<br>C)variable.<br>D)marginal.
Q126: The slope of a long-run average total
Q190: Figure and Table: Variable, Fixed, and Total
Q191: When Caroline's dress factory hires two workers,
Q193: Average variable cost is the ratio of:<br>A)total
Q194: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table:
Q196: Figure: The Total Product <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Figure:
Q198: Figure: Short-Run Costs II <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Figure:
Q199: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table:
Q200: As output increases, the total cost curve<br>A)gets