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    Microeconomics Study Set 45
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    Exam 9: Businesses and the Costs of Production
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    Answer the Question on the Basis of the Accompanying Table
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Answer the Question on the Basis of the Accompanying Table

Question 373

Question 373

Multiple Choice

Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10. Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10.   The marginal cost of the fourth unit of output is A) $2. B) $12. C) $37. D) $16. The marginal cost of the fourth unit of output is


A) $2.
B) $12.
C) $37.
D) $16.

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