Cost
A) is what the buyer pays to get the good.
B) is always equal to the marginal benefit for every unit of a good produced.
C) is what the seller must give up to produce the good.
D) is greater than market price, which results in a profit for firms.
E) means the same thing as price.
C
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A macroeconomic variable is pro cyclical if
A. it grows faster than GDP B. its deviations from trend generally change before the deviation from trend in GDP do C. its deviations from trend generally change more than the deviations from trend GDP D. its deviations from trend are more often of the same sign as the deviations from trend GDP
Under the Clayton Act, which of the following was illegal, even if it was not shown to lessen competition substantially?
a. Price discrimination. b. Tying contract. c. Horizontal mergers by stock acquisition. d. Interlocking directorates.