What is marginal cost? Which curve is also referred to as the marginal cost curve?
What will be an ideal response?
Marginal cost is the additional cost to a firm of producing one more unit of a good or service. The supply curve is also referred to as the marginal cost curve.
Economics
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In the long run, a perfectly competitive firm will
A) be able to make an economic profit. B) produce but incur an economic loss. C) make zero economic profit. D) not produce and will incur an economic loss equal to its total fixed cost. E) not produce but not incur an economic loss.
Economics
Starting in 2008 and continuing into 2012, the Japanese yen kept appreciating against the U.S. dollar, hurting Japanese exports to the U.S
Indicate whether the statement is true or false
Economics