Table 13-9Output01020304050Refer to Table 13-9. What is variable cost whenoutput equals 30 units?Select one:a.$90.00O b. $4.33C.$40.00Total Cost406090130180240d. $4.00 Suppose that an MBA degree creates no externalitybecause the benefits of an MBA are internalized bythe student in the form of higher wages. If there areno government subsidies for MBAS, then which ofthe following statements is correct?Select one:a. The equilibrium quantity of MBAs will equalthe socially optimal quantity of MBAs.b. There is not enough information to answerthe question.O c. The equilibrium quantity of MBAs will beless than the socially optimal quantity ofMBAS.d. The equilibrium quantity of MBAs will begreater than the socially optimal quantity ofMBAS.

Since you have asked multiple question, we will solve the first question for you. If you want any…

Answered: Refer to Table 13-9. What is variable…

Refer to Table 13-9. What is variable cost when output equals 30 units? Select one: O a. $90.00 O b. $4.33 O c. $40.00 O d. $4.00

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section: Chapter Questions

Problem 10QP

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Question

Table 13-9
Output
0
10
20
30
40
50
Refer to Table 13-9. What is variable cost when
output equals 30 units?
Select one:
a.
$90.00
O b. $4.33
C.
$40.00
Total Cost
40
60
90
130
180
240
d. $4.00

Suppose that an MBA degree creates no externality
because the benefits of an MBA are internalized by
the student in the form of higher wages. If there are
no government subsidies for MBAS, then which of
the following statements is correct?
Select one:
a. The equilibrium quantity of MBAs will equal
the socially optimal quantity of MBAs.
b. There is not enough information to answer
the question.
O c. The equilibrium quantity of MBAs will be
less than the socially optimal quantity of
MBAS.
d. The equilibrium quantity of MBAs will be
greater than the socially optimal quantity of
MBAS.

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