Question
Total cost increases from 500 to 600 when output increases from 20 to 30 units. Fixed costs are 200. Which of the following is true?
Total cost increases from 500 to 600 when output increases from 20 to 30 units. Fixed costs are 200. Which of the following is true?
A. Marginal cost is equal to fixed cost
B. Average cost falls
C. Variable cost rises by 200
D. Fixed costs rise
Thank you!!!
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
