What is XYZ's marginal cost when the quantity of production is 10 units?

Q: How does a cost behave in response to a change in activity? Give an example?

A: Cost also changes with the change in the activity. There are two types of costs- fixed costs and…

Q: marginal cost

A: The marginal cost depicts the additional cost of an extra unit of output produced. As, the level of…

Q: if marginal cost is rising with increasing output, averags cost must also be rising. true or false ?…

A: False. This sentence contains the statement that average cost of production must also rise if…

Q: In recent years, the United States has experienced large increases in oil production due in large…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Diminishing Marginal Returns” is achieved when?

A: The law of diminishing marginal returns states that adding an extra factor of production ends up in…

Q: boots is $95, so you should start your MC curve by placing an orange square at (0.5, 95).) Note:…

A: Given Quantity and Total cost where, MC = change in TC / Change in Qty FC = 60 remains fixed at…

Q: PProblem 3-Page (174): The following table gives you information on the total cost of Mac's ice…

A: Average total cost is alluded to as the entirety of all production costs divided by the total…

Q: Economics Question: Marginal cost is defined as the change in total cost when: a) Total fixed cost…

A: Fixed Costs (FC)- Fixed costs are expenses that do not change with the level of production or…

Q: What are two examples of variable costs?

A: Variable costs depends on the level of output being produced by the firm.

Q: What is the summary of the video "See the true cost of your cheap chicken"

A: The eye opening video that exposes the cruel face of contract farming