Multiple Choice
Scenario 14-1
Assume a certain firm is producing 1000 units of output (so Q = 1000) .At Q = 1000, the firm's marginal cost equals $15 and its average total cost equals $11.The firm sells its output for $12 per unit.
-Refer to Scenario 14-1.At Q = 999,what is the firm's total cost
A) $10,985
B) $10,990
C) $10,995
D) $10,999
Correct Answer:
Verified
Correct Answer:
Verified
Q82: Figure 14-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 14-2
Q83: Table 14-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 14-1
Q84: Figure 14-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 14-1
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