PRC-2 · Chapter 5 · Question 48 of 50
If Total cost (TC) = 50 + 20x, what is the 'Marginal Cost' per unit?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) 20
Explanation
Differentiating TC = 50 + 20x gives MC = 20. This indicates a constant marginal cost for each additional unit.
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