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    Managerial Economics Study Set 1
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    Exam 5: Production and Cost
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    As Output Expands from 199 to 200 Units,total Costs Rise
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As Output Expands from 199 to 200 Units,total Costs Rise

Question 31

Question 31

Multiple Choice

As output expands from 199 to 200 units,total costs rise from $2,985 to $3,000.At this stage,the marginal cost and average cost of production are


A) $1 and $200.
B) $15 and $15.
C) $29.85 and $15.00
D) $1.

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