Sign up or log in to view additional materials. You'll gain access to interventions, extensions, task implementation guides, and more for this lesson. In this lesson you will learn to determine the distance between integers by examining absolute value and number lines.
C. have the firm produce the quantity at which marginal revenue equals marginal cost. D. set price equal to marginal cost, even if marginal cost is less than average total cost. 13. Suppose a monopoly firm has a constant marginal cost equal to $8.
The average variable cost (AVC) = 53Q/Q=53. c. The marginal cost = change in total cost / change in quantity of output. The total cost increases by 53 if the firm increases output by one unit. Thus the marginal cost is 53. d. C=45Q+240: The new fixed cost is 190+50=240, and the marginal cost is 45.