Marginal profit is the profit

A. earned by a firm that is about to go out of business.
B. calculated directly from the total cost curve.
C. that is added by a one-unit increase in total output.
D. earned for each dollar of cost increase.

Answer: C

Economics

You might also like to view...

A person's earnings over a period of time is known as

A) money B) income C) wealth D) all of the above

View
Economics

Normative analysis focuses on statements that can be tested against real-world data

a. True b. False Indicate whether the statement is true or false

View
Economics