In the figure below, when 20 units are produced the marginal cost is?
Select ONE answer:
- $8.
- More than $8 and less than $16.
- Less than $8.
- None of the above answers is correct.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 3
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