Multiple Choice
If q = 1, 2, 3 units of output, and total costs are, respectively, $2, 3, 4, then in this range of output marginal cost:
A) is constant.
B) is rising.
C) is falling.
D) is $2.00, $1.50, $1.33.
E) can't be determined by the data given.
Correct Answer:
Verified
Correct Answer:
Verified
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