Multiple Choice
The firm increased production by 5 units and the total variable cost increased from $3,000 to $4,500. What is the marginal cost associated with this increase in production?
A) $300
B) $500
C) $1,500
D) $4,500
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q53: The contribution margin per unit is equal
Q54: If the firm produces 200,000 toothbrushes, its
Q55: The contribution margin per unit is equal
Q56: Which of the following is not an
Q57: Your firm has estimated the total variable
Q59: Logistics is also referred to as<br>A) supply
Q60: The new firm has entered a
Q61: Use the following to answer questions below:<br>
Q62: A firm that has total fixed costs
Q63: A firm that has total fixed costs