1.00 Flag question Question text When a firm increased its output by one unit, its AC...
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Question text
When a firm increased its output by one unit, its AC rose from $45 to $50. This implies that its MC is
Select one:
a. Cannot be determined from the above information
b. greater than $50.
c. between $45 and $50.
d. $5.
Homework Answers
Answer
Option b
b. greater than $50
The AC is increasing as the MC is increasing means the MC>ATC so the MC is above $50.
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