The minimum price that producers must receive to induce them to produce another unit of a good or service is equal to the good's ___________. Question 1 options: a) marginal cost b) marginal benefit c) producer surplus

The minimum price that producers must receive to induce them to produce another unit of a good or service is equal to the good's ___________. Question 1 options: a) marginal cost b) marginal benefit c) producer surplus

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter24: Perfect Competition

Section: Chapter Questions

Problem 10E

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Question

The minimum price that producers must receive to induce them to produce another unit of a good or service is equal to the good's ___________.

Question 1 options:

a)	marginal cost

b)	marginal benefit

c)	producer surplus

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