Multiple Choice
If an additional unit of labor costs $40 and has an MPP of 50 units of output,the marginal cost is:
A) $2,000.00.
B) $40.00.
C) $1.25.
D) $0.80
Correct Answer:

Verified
Correct Answer:
Verified
Q45: The short run implies that all factor
Q46: Which of the following are factors of
Q47: A firm can be identified as profitable
Q48: When producing jeans,which of the following are
Q49: The short-run supply decision focuses on:<br>A) Marginal
Q51: Average total cost is defined as:<br>A) Total
Q52: Table 5.2-Jeans Production <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5714/.jpg" alt="Table 5.2-Jeans
Q53: Table 5.5-Production costs <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5714/.jpg" alt="Table 5.5-Production
Q54: Assume a toy company hires an additional
Q55: Profit is the difference between:<br>A) Total cost