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    Production Costs

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    If the total cost of producing 10 units is $100 and the marginal cost of the eleventh unit is $21, then which of the following is NECESSARILY true?
    A) Total variable costs of 11 units are $121.
    B) Total fixed costs are $79.
    C) The marginal cost of the tenth unit is more than $21.
    D) The average total cost of 11 units is $11.
    E) The average total cost of 12 units is $12

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    https://brainmass.com/economics/production/production-costs-19313

    Solution Preview

    (D)is correct.
    Because the total cost of producing 10 units ...

    Solution Summary

    The solution answers the question(s) below.

    $2.19