The cost incurred from the production of an additional unit of a product
A) is called a loss. B) is called opportunity cost.
C) must be zero for a firm to be efficient. D) is a marginal cost to the firm.
D
Economics
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Rent seeking lowers profits by
a. shifting the market demand curve to the right b. shifting the market supply curve to the left c. shifting the ATC curve upward d. shifting the ATC curve downward e. flattening the marginal revenue curve
Economics
Refer to the below table. What is the marginal resource cost if the firm employs a 12th worker?
A. $16
B. $17
C. $18
D. $19
Economics