As long as marginal cost is less than the sales price, additional production and sales are profitable.

Name: As long as marginal cost is less than the sales price, additional production and sales are profitable.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

This statement is true, as long as the marginal cost of producing and selling a product is less than the sales price of that product, the additional production and sales will be profitable. When the marginal cost exceeds the sales price, the additional production and sales become unprofitable.

As Long as Marginal Cost Is Less Than the Sales