Multiple Choice
A firm can always increase its output by one unit at a marginal cost of $10.Its marginal cost curve is
A) a horizontal line.
B) a vertical line.
C) a ray with slope equal to 10.
D) exactly one-tenth as steep as its total cost curve.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q53: When a firm's fixed costs increase it
Q54: The addition to total revenue resulting from
Q55: A firm that sells at a price
Q56: Firms need to know the shape of
Q57: Company A manufactures a single automotive component.It
Q59: Profit is maximized at the output at
Q60: The federal government, in order to fund
Q61: If fixed cost rises,<br>A)the profit-maximizing level of
Q62: In the case study discussed in the
Q63: If average cost is falling, then marginal