Question
When a firm increased its output by one unit, its AC rose from $45 to $50. This implies that its MC is a. $5. b.
When a firm increased its output by one unit, its AC rose from $45 to $50. This implies that its MC is
a.
$5.
b.
between $45 and $50.
c.
greater than $50.
d.
Cannot be determined from the above information.
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
