--%>

Marginal cost

Give the answer of following question. Refer to the given data. The marginal cost of producing the sixth unit of output is: A) $24. B) $12. C) $16. D) $8.

432_fghghg.png

   Related Questions in Microeconomics

  • Q : Problem on Labor Union Goals Can

    Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs

  • Q : Horizontal individual demand curves The

    The market demand curve is recognized by: (i) Vertically summing up individual demand curves. (ii) Graphing intersections of demand and supply over time. (iii) Holding quantity constant while summing up each price on demand curve. (iv) Horizontally summing up individu

  • Q : Bargaining model settlement range

    settlement range between management and the trade union

  • Q : Lowest possibility for price elasticity

    The price elasticity of demand would possibly be lowest for: (1) Dasani. (2) Deer Park. (3) Aquafina. (4) bottled water. (5) Perrier. Can anybody suggest me the proper explanation for given problem regarding

  • Q : Founder of Utilitarianism I have a

    I have a problem in economics on Founder of Utilitarianism. Please help me in the following question. The utilitarianism founder in England was: (i) Rupert Brooke. (ii) Jeremy Bentham. (iii) Thomas Dewey. (iv) John Stuart Mill. (v) Adam Smith.

    Q : Income effect of a small change in wage

    The income effect of a small change within wage rate is approximately identical to the substitution consequence for Glynn at: (i) point a. (ii) point b. (ii) point c. (iv) point d. (v) point e.

    Q : Simple circular flow model The simple

    The simple circular flow model illustrates that: A) households are on the buying side of both product and resource markets. B) businesses are on the selling side of both product and resource markets. C) households are on the selling side of the resource market and on

  • Q : Labor market-Monopsony power Can

    Can someone please help me in finding out the accurate answer from the following question. The firm probable to encompass significant monopsony power in its labor market would be: (1) Big cotton farm in the Texas hiring migrant workers. (2) Textile manufacturer in Hon

  • Q : Features of Monopoly Features of

    Features of Monopoly: A) A Single seller B) No close replacement available. C) No freedom for entry of new firms. D) Possibility of price discrimination.

  • Q : Scope of Economies I have a problem in

    I have a problem in economics on Scope of Economies. Please help me in the following question. Whenever the production of one good (example: milk) decreases the production costs of complementary products (that is, butter and cheese), a firm is capable