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Final Exam

Integration H

$+0$ pts

$15400$

Question $1$ of $54$

Which statement is false?

A marginal cost curve will always intersect the average total cost curve at the minimum average total cost.

Marginal cost is the change in a firm's total cost due to a one unit change in output.

Marginal cost and marginal productivity are inversely related.

Costs that are small and unimportant with little impact on profits are called marginal costs.

Consider the table.

$\backslash$table$[[$Output$,0,1,2,3,4,5,6,7,8,9,10],[$Total cost$,100,110,115,125,140,160,190,230,280,340,420]]$

What is the marginal cost of the first unit based on the table?

$$0$

$$10$

$-$$$10$

$$110$