Multiple Choice
Notice the costs as given in the table below. What is the marginal cost when total cost is $23?
A) $5
B) $3
C) $2
D) $1
Correct Answer:

Verified
Correct Answer:
Verified
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q82: Constant returns to scale are illustrated by<br>A)
Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -In the above
Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -In the above
Q149: In the long run, a firm can
Q153: Economies of scale occur when there are<br>A)
Q154: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q200: As long as marginal product of labor
Q256: For a hotdog vendor, the hotdog buns
Q307: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the