Marginal cost is theone more unit of a good andopportunity cost of producing increases as productionO price that must be paid to consume; decreases as consumptionO opportunity cost of producing: decreases as productionO price that must be paid to consume; increases as consumptionof the good increases.

Marginal cost refers to additional cost that is incurred by pricing one more unit of a good.

Marginal cost is the one more unit of a good and opportunity cost of producing increases as production price that must be paid to consume; decreases as consumption opportunity cost of producing; decreases as production O price that must be paid to consume; increases as consumption of the good increase=

Marginal cost is the one more unit of a good and opportunity cost of producing increases as production price that must be paid to consume; decreases as consumption opportunity cost of producing; decreases as production O price that must be paid to consume; increases as consumption of the good increase=

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 1.1P

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