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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 5: Production and Cost
  5. Question
    As Output Expands from 199 to 200 Units and Total
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As Output Expands from 199 to 200 Units and Total

Question 4

Question 4

Multiple Choice

As output expands from 199 to 200 units and total costs rise from $2985 to $3000, the marginal cost and average cost of production are:


A) $1.00, and $200.
B) $15 and $15.
C) $29.85 and $15.
D) $1.

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